Arch Capital Group Ltd. (NASDAQ:ACGL) Position Reduced by AMJ Financial Wealth Management

AMJ Financial Wealth Management lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,978 shares of the insurance provider’s stock after selling 1,271 shares during the period. AMJ Financial Wealth Management’s holdings in Arch Capital Group were worth $3,046,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Arch Capital Group by 12.8% in the third 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. Harbor Capital Advisors Inc. increased its holdings in shares of 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 acquiring an additional 116 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Arch Capital Group by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 67,250 shares of the insurance provider’s stock valued at $7,196,000 after acquiring an additional 6,669 shares in the last quarter. Angeles Wealth Management LLC bought a new position in Arch Capital Group during the third quarter worth $253,000. Finally, KG&L Capital Management LLC boosted its holdings in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $92.98 on Tuesday. The firm 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 quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $92.06 and a 200 day moving average price of $100.34. Arch Capital Group Ltd. has a 52-week low of $86.56 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm earned $2.45 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ACGL shares. Barclays dropped their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods dropped 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 note on Thursday, February 13th. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target 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. Finally, Wells Fargo & Company reduced their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group has a consensus 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.