Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Decreased by Stephens Inc. AR

Stephens Inc. AR reduced its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 60.9% in the 4th quarter, Holdings Channel reports. The fund owned 12,565 shares of the insurance provider’s stock after selling 19,555 shares during the period. Stephens Inc. AR’s holdings in Arch Capital Group were worth $1,160,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after purchasing an additional 6,663 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after buying an additional 5,614 shares during the period. PNC Financial Services Group Inc. lifted its position in Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after buying an additional 6,521 shares in the last quarter. Metis Global Partners LLC lifted its position in Arch Capital Group by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after buying an additional 5,345 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock valued at $6,201,000 after buying an additional 35,060 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday. Barclays cut their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America dropped their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.93.

Arch Capital Group Stock Down 1.5 %

ACGL stock opened at $88.26 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50-day moving average of $92.89 and a two-hundred day moving average of $101.06. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. Arch Capital Group Ltd. has a 52-week low of $83.12 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the company posted $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.