Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by AMJ Financial Wealth Management

AMJ Financial Wealth Management cut its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.7% in the 4th quarter, Holdings Channel reports. The firm owned 32,978 shares of the insurance provider’s stock after selling 1,271 shares during the period. AMJ Financial Wealth Management’s holdings in Arch Capital Group were worth $3,046,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the last quarter. Swedbank AB lifted its holdings in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after purchasing an additional 919,793 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock valued at $759,324,000 after purchasing an additional 783,506 shares during the period. Erste Asset Management GmbH purchased a new position in Arch Capital Group in the 3rd quarter worth about $82,748,000. Finally, AustralianSuper Pty Ltd raised its holdings in Arch Capital Group by 736.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock worth $70,774,000 after buying an additional 674,739 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

ACGL stock opened at $92.98 on Tuesday. The firm has a 50 day moving average of $92.06 and a two-hundred day moving average of $100.34. Arch Capital Group Ltd. has a 12 month low of $86.56 and a 12 month high of $116.47. The company has a market capitalization of $34.98 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the firm earned $2.45 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ACGL shares. Morgan Stanley decreased their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada lowered their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, BMO Capital Markets upped their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Company 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.