Bradley Foster & Sargent Inc. CT Sells 800 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Bradley Foster & Sargent Inc. CT lessened its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,183 shares of the insurance provider’s stock after selling 800 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Arch Capital Group were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Arch Capital Group in the 3rd quarter worth about $25,000. Golden State Wealth Management LLC purchased a new position in Arch Capital Group in the 4th quarter worth about $42,000. Y.D. More Investments Ltd increased its stake in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the period. Ashton Thomas Securities LLC purchased a new position in Arch Capital Group in the 3rd quarter worth about $50,000. Finally, UMB Bank n.a. increased its stake in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ACGL. JPMorgan Chase & Co. reduced their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut their target price on shares of 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 cut their target price on shares of 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, Morgan Stanley cut their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Down 1.0 %

Shares of Arch Capital Group stock opened at $88.13 on Monday. The firm’s 50 day moving average price is $91.96 and its 200-day moving average price is $100.68. 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 Ltd. has a 52-week low of $84.00 and a 52-week high of $116.47. The company has a market cap of $33.16 billion, a P/E ratio of 7.87, a PEG ratio of 2.34 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the company posted $2.45 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS 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.