Silver Oak Securities Incorporated Has $534,000 Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Silver Oak Securities Incorporated decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,813 shares of the insurance provider’s stock after selling 1,867 shares during the period. Silver Oak Securities Incorporated’s holdings in Arch Capital Group were worth $534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank boosted its stake in Arch Capital Group by 7.1% during the 3rd quarter. Czech National Bank now owns 76,296 shares of the insurance provider’s stock worth $8,536,000 after acquiring an additional 5,033 shares during the last quarter. Fulton Bank N.A. acquired a new stake in Arch Capital Group in the third quarter worth $207,000. Wedmont Private Capital boosted its position in shares of Arch Capital Group by 9.7% during the third quarter. Wedmont Private Capital now owns 5,436 shares of the insurance provider’s stock worth $586,000 after purchasing an additional 479 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after buying an additional 126 shares during the period. Finally, Contravisory Investment Management Inc. increased its position in shares of Arch Capital Group by 3.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 6,504 shares of the insurance provider’s stock valued at $728,000 after buying an additional 204 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACGL. BMO Capital Markets lifted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their target price on 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. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JMP Securities increased their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $93.50 on Friday. Arch Capital Group Ltd. has a 52-week low of $80.97 and a 52-week high of $116.47. The company has a market cap of $35.18 billion, a P/E ratio of 6.28, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50-day simple moving average is $93.45 and its 200 day simple moving average is $101.16.

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.