Steward Partners Investment Advisory LLC Sells 21,012 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Steward Partners Investment Advisory LLC lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,829 shares of the insurance provider’s stock after selling 21,012 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Arch Capital Group were worth $2,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Arch Capital Group in the third quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd grew its stake in Arch Capital Group by 125.6% in 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 in the last quarter. Ashton Thomas Securities LLC bought a new position in Arch Capital Group in the third quarter worth approximately $50,000. Finally, UMB Bank n.a. grew its stake in Arch Capital Group by 97.0% in 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 in the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ACGL shares. Bank of America dropped their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. UBS Group lowered their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from 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 Performance

Shares of ACGL stock opened at $91.00 on Friday. The firm has a market capitalization of $34.16 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The business has a fifty day moving average of $91.99 and a 200 day moving average of $100.14. Arch Capital Group Ltd. has a 1 year low of $87.00 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $2.45 earnings per share. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by company insiders.

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.