Oppenheimer & Co. Inc. Lowers Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,781 shares of the insurance provider’s stock after selling 954 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Arch Capital Group were worth $1,734,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after acquiring an additional 172,628 shares during the period. Geode Capital Management LLC boosted its position in Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after purchasing an additional 253,648 shares in the last quarter. Principal Financial Group Inc. grew its stake in Arch Capital Group by 10.5% in the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock valued at $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock worth $488,992,000 after purchasing an additional 226,617 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after buying an additional 2,168,897 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ACGL shares. 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 on the stock in a research report on Wednesday, February 12th. Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. BMO Capital Markets increased their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Barclays lowered their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Trading Up 0.1 %

NASDAQ ACGL opened at $92.98 on Tuesday. The company has a market capitalization of $34.98 billion, a PE ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.64. The company has a fifty day moving average of $92.06 and a 200 day moving average of $100.34. Arch Capital Group Ltd. has a 1 year low of $86.56 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 posted its earnings results 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 quarter in the prior year, the firm earned $2.45 earnings per share. Research analysts forecast 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.