Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Leuthold Group LLC

Leuthold Group LLC lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,569 shares of the insurance provider’s stock after selling 1,322 shares during the quarter. Leuthold Group LLC’s holdings in Arch Capital Group were worth $3,469,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after acquiring an additional 6,663 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Arch Capital Group by 5.3% in 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 purchasing an additional 5,614 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 worth $8,024,000 after purchasing an additional 6,521 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Arch Capital Group by 56.6% during the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after buying an additional 2,430 shares during the period. Finally, Metis Global Partners LLC grew its stake in shares of 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 valued at $2,849,000 after buying an additional 5,345 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $88.13 on Friday. Arch Capital Group Ltd. has a 12 month low of $84.00 and a 12 month high of $116.47. 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 firm has a market capitalization of $33.16 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The business’s fifty day moving average price is $91.96 and its 200 day moving average price is $100.63.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 company posted $2.45 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ACGL. JPMorgan Chase & Co. decreased 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. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Finally, Barclays reduced their target price 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has an average 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.