Venturi Wealth Management LLC Decreases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Venturi Wealth Management LLC cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,113 shares of the insurance provider’s stock after selling 519 shares during the quarter. Venturi Wealth Management LLC’s holdings in Arch Capital Group were worth $1,211,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Truist Financial Corp boosted its stake in shares of Arch Capital Group by 0.6% during the 4th quarter. Truist Financial Corp now owns 780,707 shares of the insurance provider’s stock worth $72,098,000 after acquiring an additional 4,888 shares in the last quarter. CIBC Asset Management Inc grew its position in Arch Capital Group by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 57,106 shares of the insurance provider’s stock worth $5,274,000 after acquiring an additional 2,490 shares during the period. Pittenger & Anderson Inc. increased its position in shares of Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 2,430 shares during the last quarter. Principal Financial Group Inc. raised its position in Arch Capital Group by 10.5% in 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 purchasing an additional 783,506 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Arch Capital Group by 4.6% in the fourth quarter. Allworth Financial LP now owns 14,363 shares of the insurance provider’s stock valued at $1,339,000 after purchasing an additional 627 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Bank of America decreased their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada dropped their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group lowered their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Performance

Shares of ACGL opened at $88.33 on Wednesday. Arch Capital Group Ltd. has a 52-week low of $83.97 and a 52-week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $33.23 billion, a PE ratio of 5.93, a P/E/G ratio of 1.53 and a beta of 0.64. The firm has a 50-day moving average price of $92.27 and a 200 day moving average price of $100.85.

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

About Arch Capital Group

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.