Cookson Peirce & Co. Inc. Cuts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cookson Peirce & Co. Inc. trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,635 shares of the insurance provider’s stock after selling 10,509 shares during the quarter. Cookson Peirce & Co. Inc. owned 0.06% of Arch Capital Group worth $20,560,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after buying an additional 101 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after acquiring an additional 110 shares during the last quarter. Marks Group Wealth Management Inc boosted its stake in Arch Capital Group by 4.2% in the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 115 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Arch Capital Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after purchasing an additional 116 shares during the last quarter. Finally, Bensler LLC increased its position in shares of Arch Capital Group by 0.7% during the third quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock worth $2,117,000 after purchasing an additional 126 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $91.87 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $86.84 and a 12-month high of $116.47. The company has a market cap of $34.57 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The stock has a 50 day simple moving average of $92.04 and a 200-day simple moving average of $100.27.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the business earned $2.45 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACGL. JMP Securities reissued a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Royal Bank of Canada decreased their price objective 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. Morgan Stanley cut their target price 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 target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $117.19.

About Arch Capital Group

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.