Steph & Co. Reduces Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Steph & Co. lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 45.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,918 shares of the insurance provider’s stock after selling 1,574 shares during the quarter. Steph & Co.’s holdings in Arch Capital Group were worth $177,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after buying an additional 172,628 shares during the period. Geode Capital Management LLC grew its position in shares of Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after acquiring an additional 253,648 shares during the period. Principal Financial Group Inc. grew its position in shares of Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after acquiring an additional 337,786 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after purchasing an additional 49,426 shares during the period. Finally, Legal & General Group Plc raised its holdings in Arch Capital Group by 10.1% in the 2nd quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider’s stock worth $348,671,000 after purchasing an additional 316,070 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Jefferies Financial Group raised their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Finally, Bank of America lowered their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Stock Up 1.8 %

Shares of ACGL opened at $93.62 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 stock has a market capitalization of $35.22 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64. Arch Capital Group Ltd. has a 1 year low of $77.53 and a 1 year high of $116.47. The business’s 50 day simple moving average is $95.35 and its 200-day simple moving average is $101.61.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $2.31 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.85 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date was Monday, November 18th.

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.