Sanctuary Advisors LLC Sells 4,697 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Sanctuary Advisors LLC decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 123,319 shares of the insurance provider’s stock after selling 4,697 shares during the quarter. Sanctuary Advisors LLC’s holdings in Arch Capital Group were worth $11,664,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Arch Capital Group in the third quarter valued at about $25,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the fourth quarter valued at about $42,000. Y.D. More Investments Ltd boosted its holdings 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 valued at $43,000 after acquiring an additional 260 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Arch Capital Group in the third quarter valued at about $50,000. Finally, UMB Bank n.a. boosted its holdings 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 valued at $78,000 after acquiring an additional 414 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of a number of recent analyst reports. Bank of America reduced their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group reduced their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada reduced their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Trading Up 0.1 %

NASDAQ ACGL opened at $88.33 on Wednesday. The stock’s 50-day moving average is $92.27 and its 200-day moving average is $100.85. Arch Capital Group Ltd. has a one year low of $83.97 and a one year high of $116.47. The firm has a market cap of $33.23 billion, a P/E ratio of 5.93, a P/E/G ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the firm posted $2.45 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

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.