Moloney Securities Asset Management LLC Lowers Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Moloney Securities Asset Management LLC lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,720 shares of the insurance provider’s stock after selling 1,388 shares during the period. Moloney Securities Asset Management LLC’s holdings in Arch Capital Group were worth $2,468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northstar Group Inc. increased its position in Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock valued at $11,285,000 after purchasing an additional 5,947 shares during the period. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group during the fourth quarter worth $42,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Arch Capital Group by 1.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 64,853 shares of the insurance provider’s stock valued at $5,989,000 after acquiring an additional 694 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Arch Capital Group by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,024,638 shares of the insurance provider’s stock valued at $94,625,000 after acquiring an additional 21,840 shares during the period. Finally, Leo Wealth LLC raised its position in shares of Arch Capital Group by 61.3% in the 4th quarter. Leo Wealth LLC now owns 8,413 shares of the insurance provider’s stock worth $777,000 after acquiring an additional 3,197 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on 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. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America decreased their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. JMP Securities lifted their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, 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. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $93.50 on Friday. Arch Capital Group Ltd. has a 52 week low of $80.97 and a 52 week high of $116.47. The business’s 50 day moving average price is $93.45 and its 200 day moving average price is $101.19. 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 cap of $35.18 billion, a P/E ratio of 6.28, a P/E/G ratio of 1.53 and a beta of 0.64.

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.