Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,069 shares of the insurance provider’s stock after selling 541 shares during the period. Sumitomo Life Insurance Co.’s holdings in Arch Capital Group were worth $1,946,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in Arch Capital Group during the third quarter worth $25,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group in the third quarter valued at $46,000. UMB Bank n.a. raised its position in Arch Capital Group by 41.9% during the third 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 last quarter. Asset Dedication LLC grew its position in shares of Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $93.82 on Thursday. The business has a 50-day moving average of $94.39 and a two-hundred day moving average of $101.37. The firm has a market capitalization of $35.30 billion, a PE ratio of 6.30, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12 month low of $79.51 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the prior year, the company earned $2.31 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays lowered their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. 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 report on Tuesday, January 14th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target 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.