Pallas Capital Advisors LLC Sells 403 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Pallas Capital Advisors LLC decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,412 shares of the insurance provider’s stock after selling 403 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Arch Capital Group were worth $3,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the 3rd quarter worth approximately $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Arch Capital Group in the third quarter worth $46,000. UMB Bank n.a. raised its position in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares during the period. Asset Dedication LLC lifted its stake in shares of Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after buying an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Arch Capital Group in the 3rd quarter worth $50,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACGL has been the topic of several research analyst reports. Evercore ISI boosted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Barclays dropped their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Bank of America reduced their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.13.

Arch Capital Group Trading Up 0.7 %

Shares of ACGL traded up $0.66 during trading hours on Monday, reaching $90.83. 1,512,450 shares of the company traded hands, compared to its average volume of 1,813,745. The stock’s fifty day moving average price is $95.69 and its 200 day moving average price is $101.80. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.17 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 1.49 and a beta of 0.64. Arch Capital Group Ltd. has a 12-month low of $77.53 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the company earned $2.31 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

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.