Burney Co. Sells 1,052 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Burney Co. lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,714 shares of the insurance provider’s stock after selling 1,052 shares during the period. Burney Co.’s holdings in Arch Capital Group were worth $8,470,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ACGL. Nomura Asset Management Co. Ltd. boosted its position in Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after purchasing an additional 5,614 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after buying an additional 6,521 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after buying an additional 35,060 shares during the period. Metis Global Partners LLC grew its stake in Arch Capital Group by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after buying an additional 5,345 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock valued at $330,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

ACGL opened at $92.95 on Wednesday. The company has a market cap of $34.97 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 1.49 and a beta of 0.64. The company’s fifty day moving average price is $95.60 and its two-hundred day moving average price is $101.73. Arch Capital Group Ltd. has a 1-year low of $77.53 and a 1-year high of $116.47. 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 issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company posted $2.31 EPS. On average, analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Analysts Set New Price Targets

Several research analysts have weighed in on ACGL shares. JPMorgan Chase & Co. lowered their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. JMP Securities raised their price target 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. Evercore ISI lifted their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Bank of America decreased their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Barclays cut their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

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.