Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,294 shares of the insurance provider’s stock after selling 690 shares during the period. Janney Capital Management LLC’s holdings in Arch Capital Group were worth $489,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Arch Capital Group by 245.1% during the 3rd 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 worth $341,652,000 after purchasing an additional 2,168,897 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Arch Capital Group in the third quarter worth $82,748,000. National Pension Service purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at $64,271,000. International Assets Investment Management LLC lifted its holdings in shares of Arch Capital Group by 18,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after acquiring an additional 548,402 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in Arch Capital Group during the 2nd quarter worth $48,119,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $93.21 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $78.67 and a 1 year high of $116.47. The firm’s 50-day simple moving average is $94.77 and its 200-day simple moving average is $101.48. The firm has a market cap of $35.07 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced 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. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. Equities analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on ACGL. Wells Fargo & Company cut their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets raised their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Evercore ISI upped their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. JMP Securities lifted their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group boosted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.