Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,069 shares of the insurance provider’s stock after selling 541 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Arch Capital Group were worth $1,946,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC increased its stake in shares of Arch Capital Group by 2.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after buying an additional 103 shares during the last quarter. KG&L Capital Management LLC raised its holdings in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after acquiring an additional 115 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 115 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JMP Securities upped their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their target price on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. BMO Capital Markets raised their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $93.82 on Thursday. Arch Capital Group Ltd. has a 12-month low of $79.51 and a 12-month high of $116.47. The company has a market cap of $35.30 billion, a PE ratio of 6.30, a P/E/G ratio of 1.52 and a beta of 0.64. The stock has a 50 day simple moving average of $94.39 and a 200-day simple moving average of $101.37. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business posted $2.31 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Dividend Announcement

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

Arch Capital Group Profile

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.