Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,781 shares of the insurance provider’s stock after selling 954 shares during the period. Oppenheimer & Co. Inc.’s holdings in Arch Capital Group were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ACGL shares. JMP Securities reiterated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. BMO Capital Markets lifted their target price on shares of 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. Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $92.98 on Tuesday. Arch Capital Group Ltd. has a 12-month low of $86.56 and a 12-month high of $116.47. The stock has a market cap of $34.98 billion, a P/E ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64. The company has a 50-day moving average price of $92.06 and a 200 day moving average price of $100.34. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $2.45 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.