Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Chase Investment Counsel Corp

Chase Investment Counsel Corp reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,603 shares of the insurance provider’s stock after selling 1,453 shares during the period. Chase Investment Counsel Corp’s holdings in Arch Capital Group were worth $4,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 101 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after acquiring an additional 110 shares during the period. Marks Group Wealth Management Inc grew its holdings in Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 115 shares during the period. KG&L Capital Management LLC grew its holdings 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 worth $1,214,000 after acquiring an additional 115 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Arch Capital Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after acquiring an additional 116 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ACGL. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on 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. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Wells Fargo & Company decreased their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Trading Up 0.9 %

Shares of NASDAQ ACGL opened at $92.93 on Friday. Arch Capital Group Ltd. has a one year low of $86.41 and a one year high of $116.47. The firm has a market capitalization of $34.96 billion, a PE ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $92.04 and a two-hundred day moving average price of $100.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) 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 quarter last year, the business posted $2.45 earnings per share. As a group, analysts predict 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.