Handelsbanken Fonder AB Has $8.18 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Handelsbanken Fonder AB cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,517 shares of the insurance provider’s stock after selling 8,532 shares during the period. Handelsbanken Fonder AB’s holdings in Arch Capital Group were worth $8,175,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group in the third quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group during the third quarter worth about $50,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the fourth quarter worth about $42,000. Y.D. More Investments Ltd lifted its position in Arch Capital Group by 125.6% during the fourth 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. lifted its position in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 414 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACGL shares. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada cut their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Stock Down 1.0 %

Shares of NASDAQ ACGL opened at $88.13 on Friday. The company has a 50 day simple moving average of $91.96 and a 200 day simple moving average of $100.65. The firm has a market cap of $33.16 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. Arch Capital Group Ltd. has a 1 year low of $84.00 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 last year, the firm posted $2.45 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.