Silver Oak Securities Incorporated Sells 1,867 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Silver Oak Securities Incorporated lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,813 shares of the insurance provider’s stock after selling 1,867 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Arch Capital Group were worth $534,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Arch Capital Group in the third quarter worth $25,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $46,000. UMB Bank n.a. lifted its holdings in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 126 shares during the period. Asset Dedication LLC boosted its position in shares of Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Arch Capital Group in the third quarter valued at about $50,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.4 %

Shares of ACGL opened at $93.50 on Friday. The business’s fifty day moving average price is $93.45 and its two-hundred day moving average price is $101.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $35.18 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $80.97 and a 52 week high of $116.47.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ACGL shares. Bank of America cut their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, JMP Securities increased their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

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.