Mount Yale Investment Advisors LLC Sells 628 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mount Yale Investment Advisors LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,108 shares of the insurance provider’s stock after selling 628 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Arch Capital Group were worth $1,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the 3rd quarter worth about $25,000. Compagnie Lombard Odier SCmA purchased a new stake in Arch Capital Group in the 3rd quarter worth about $46,000. UMB Bank n.a. lifted its stake in Arch Capital Group by 41.9% in the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the last quarter. Asset Dedication LLC boosted its position in shares of Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after buying an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Arch Capital Group during the third quarter valued at approximately $50,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JMP Securities boosted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Bank of America reduced their target price 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. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $92.76 on Monday. Arch Capital Group Ltd. has a 12-month low of $78.67 and a 12-month high of $116.47. The firm’s fifty day simple moving average is $94.44 and its two-hundred day simple moving average is $101.44. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $34.90 billion, a P/E ratio of 6.23, a P/E/G ratio of 1.52 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the company posted $2.31 EPS. Analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.

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.