Allianz Asset Management GmbH Sells 46,601 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Allianz Asset Management GmbH cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 321,205 shares of the insurance provider’s stock after selling 46,601 shares during the period. Allianz Asset Management GmbH owned 0.09% of Arch Capital Group worth $29,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACGL. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group during the third quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $50,000. Finally, UMB Bank n.a. boosted its position in shares of 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 purchasing an additional 414 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ACGL. Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods decreased 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 report on Thursday, February 13th. Finally, Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Stock Down 1.0 %

Arch Capital Group stock opened at $88.13 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1-year low of $84.00 and a 1-year high of $116.47. The company has a fifty day simple moving average of $91.96 and a 200 day simple moving average of $100.68. The company has a market cap of $33.16 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced 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 return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the business posted $2.45 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 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.