Chevy Chase Trust Holdings LLC Sells 4,175 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 198,876 shares of the insurance provider’s stock after selling 4,175 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Arch Capital Group were worth $18,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ACGL. Quantbot Technologies LP bought a new stake in Arch Capital Group during the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its stake in 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 purchasing an additional 260 shares during the period. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group during the 3rd quarter valued at approximately $50,000. Finally, UMB Bank n.a. boosted its stake in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ACGL shares. Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley reduced their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday. JMP Securities reiterated 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. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets raised 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. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.53.

Arch Capital Group Trading Down 2.2 %

Shares of ACGL opened at $88.20 on Friday. Arch Capital Group Ltd. has a 1 year low of $83.97 and a 1 year high of $116.47. 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 stock has a 50 day simple moving average of $92.53 and a 200-day simple moving average of $100.95. The stock has a market cap of $33.18 billion, a PE ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the business posted $2.45 earnings per share. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group 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.