ING Groep NV Decreases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

ING Groep NV cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,935 shares of the insurance provider’s stock after selling 1,942 shares during the period. ING Groep NV’s holdings in Arch Capital Group were worth $1,564,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the 3rd quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd lifted its position 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 purchasing an additional 260 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group during the third quarter valued at approximately $50,000. Finally, UMB Bank n.a. grew its holdings in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 1.0 %

Shares of ACGL opened at $88.13 on Monday. The company has a market capitalization of $33.16 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.34 and a beta of 0.64. The stock’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.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results 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 return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the firm earned $2.45 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. BMO Capital Markets lifted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Bank of America decreased their target price 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. UBS Group cut their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

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.