Advisors Preferred LLC Trims Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Advisors Preferred LLC cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 93.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,548 shares of the insurance provider’s stock after selling 64,812 shares during the quarter. Advisors Preferred LLC’s holdings in Arch Capital Group were worth $416,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after buying an additional 6,663 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after buying an additional 5,614 shares during the period. PNC Financial Services Group Inc. increased its holdings in Arch Capital Group by 10.0% during the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after buying an additional 6,521 shares during the period. Metis Global Partners LLC grew its holdings in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after purchasing an additional 5,345 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of Arch Capital Group by 172.2% during the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after purchasing an additional 35,060 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.4 %

ACGL opened at $93.50 on Friday. Arch Capital Group Ltd. has a twelve month low of $80.97 and a twelve month 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 company has a 50-day moving average price of $93.45 and a 200 day moving average price of $101.19. The company has a market cap of $35.18 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ACGL shares. Keefe, Bruyette & Woods reduced their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada reduced their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. JMP Securities boosted 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 report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Finally, Barclays dropped their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.00.

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.