Westover Capital Advisors LLC Cuts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Westover Capital Advisors LLC lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,891 shares of the insurance provider’s stock after selling 202 shares during the period. Westover Capital Advisors LLC’s holdings in Arch Capital Group were worth $3,315,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 period. Swedbank AB increased its stake in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after buying an additional 919,793 shares during the period. Principal Financial Group Inc. increased its stake in shares of Arch Capital Group by 10.5% during 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 buying an additional 783,506 shares during the period. Erste Asset Management GmbH bought a new stake in Arch Capital Group during the third quarter valued at about $82,748,000. Finally, AustralianSuper Pty Ltd boosted its position in Arch Capital Group by 736.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock valued at $70,774,000 after purchasing an additional 674,739 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays dropped their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets raised their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods dropped their price objective on 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. UBS Group dropped their price objective on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada dropped their price objective on 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $92.98 on Tuesday. The business’s 50 day moving average price is $92.06 and its 200 day moving average price is $100.34. The firm has a market cap of $34.98 billion, a P/E ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $86.56 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 company earned $2.45 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.