Cookson Peirce & Co. Inc. Reduces Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cookson Peirce & Co. Inc. trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 222,635 shares of the insurance provider’s stock after selling 10,509 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Arch Capital Group were worth $20,560,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in Arch Capital Group during the third quarter worth about $50,000. Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $42,000. Y.D. More Investments Ltd grew its position in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 260 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 1.2 %

Shares of ACGL opened at $91.87 on Wednesday. Arch Capital Group Ltd. has a fifty-two week low of $86.84 and a fifty-two week high of $116.47. The company’s fifty day moving average is $92.04 and its two-hundred day moving average is $100.27. The firm has a market cap of $34.57 billion, a PE ratio of 8.20, a price-to-earnings-growth 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 earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the company earned $2.45 EPS. Analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ACGL shares. UBS Group reduced their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on 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. Barclays dropped their price objective 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. JMP Securities restated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, Bank of America lowered 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 report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

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.