Advisor OS LLC Sells 898 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Advisor OS LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,676 shares of the insurance provider’s stock after selling 898 shares during the period. Advisor OS LLC’s holdings in Arch Capital Group were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ACGL. Farther Finance Advisors LLC increased its holdings in shares of Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 101 shares during the period. KG&L Capital Management LLC boosted its position in Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after purchasing an additional 115 shares in the last quarter. Marks Group Wealth Management Inc grew its stake in Arch Capital Group by 4.2% in the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 115 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Arch Capital Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after purchasing an additional 116 shares in the last quarter. Finally, Bensler LLC lifted its position in shares of Arch Capital Group by 0.7% during the third quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock valued at $2,117,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.9 %

NASDAQ:ACGL opened at $89.57 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The company’s fifty day moving average price is $91.94 and its 200-day moving average price is $100.48. Arch Capital Group Ltd. has a 1-year low of $86.16 and a 1-year high of $116.47. The firm has a market capitalization of $33.70 billion, a P/E ratio of 8.00, a PEG ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ACGL shares. Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Royal Bank of Canada reduced their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

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.