VisionPoint Advisory Group LLC Cuts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

VisionPoint Advisory Group LLC cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,584 shares of the insurance provider’s stock after selling 3,121 shares during the period. VisionPoint Advisory Group LLC’s holdings in Arch Capital Group were worth $1,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Creative Planning grew its holdings in Arch Capital Group by 4.7% during the 3rd quarter. Creative Planning now owns 37,950 shares of the insurance provider’s stock valued at $4,246,000 after buying an additional 1,720 shares in the last quarter. Raymond James & Associates grew its holdings in Arch Capital Group by 2.2% during the 3rd quarter. Raymond James & Associates now owns 206,635 shares of the insurance provider’s stock valued at $23,118,000 after buying an additional 4,407 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Arch Capital Group by 9.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 22,860 shares of the insurance provider’s stock valued at $2,558,000 after buying an additional 1,989 shares in the last quarter. Signaturefd LLC grew its holdings in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock valued at $330,000 after buying an additional 187 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Arch Capital Group by 39.1% during the 3rd quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider’s stock valued at $1,272,000 after buying an additional 3,195 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ACGL shares. Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Morgan Stanley cut their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. BMO Capital Markets raised their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Finally, UBS Group cut their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Up 0.5 %

NASDAQ:ACGL opened at $89.09 on Friday. Arch Capital Group Ltd. has a twelve month low of $83.97 and a twelve month high of $116.47. The company has a market cap of $33.52 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.64. The stock has a fifty day simple moving average of $92.07 and a 200-day simple moving average of $100.68. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping 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 in the prior year, the business earned $2.45 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 8.54 EPS for the current year.

Arch Capital Group Company 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.