Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by National Pension Service

National Pension Service lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 552,230 shares of the insurance provider’s stock after selling 22,236 shares during the period. National Pension Service’s holdings in Arch Capital Group were worth $50,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 101 shares in the last quarter. KG&L Capital Management LLC boosted its holdings in Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after purchasing an additional 115 shares in the last quarter. Marks Group Wealth Management Inc boosted its holdings in Arch Capital Group by 4.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 115 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Arch Capital Group by 1.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after purchasing an additional 116 shares in the last quarter. Finally, Bensler LLC boosted its holdings in Arch Capital Group by 0.7% in the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock valued at $2,117,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 2.8 %

Shares of Arch Capital Group stock opened at $92.10 on Friday. The company has a fifty day moving average price of $92.00 and a 200 day moving average price of $100.42. 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 twelve month low of $86.41 and a twelve month high of $116.47. The stock has a market cap of $34.65 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping 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 previous year, the business posted $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ACGL shares. Wells Fargo & Company decreased their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. UBS Group cut their price objective on 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. Keefe, Bruyette & Woods cut their price objective on 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. Barclays cut 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, BMO Capital Markets lifted their price objective 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. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.