Cumberland Partners Ltd Trims Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cumberland Partners Ltd lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 39.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,680 shares of the insurance provider’s stock after selling 17,800 shares during the quarter. Cumberland Partners Ltd’s holdings in Arch Capital Group were worth $2,556,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Arch Capital Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in Arch Capital Group in the third quarter valued at $50,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd grew its holdings in shares of Arch Capital Group by 125.6% during 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. Finally, UMB Bank n.a. raised its holdings in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after buying an additional 414 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Up 0.4 %

Shares of NASDAQ:ACGL opened at $88.69 on Thursday. Arch Capital Group Ltd. has a fifty-two week low of $83.97 and a fifty-two week high of $116.47. The firm’s 50 day moving average price is $92.17 and its 200 day moving average price is $100.76. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a market cap of $33.37 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 prior year, the firm posted $2.45 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on ACGL shares. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets raised their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.