Denali Advisors LLC Sells 1,806 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Denali Advisors LLC trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 22.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,321 shares of the insurance provider’s stock after selling 1,806 shares during the period. Denali Advisors LLC’s holdings in Arch Capital Group were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ACGL. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the 3rd quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd increased its stake in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying 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 $50,000. Finally, UMB Bank n.a. boosted its position 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 buying an additional 414 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ACGL. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. 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. UBS Group reduced their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada dropped their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays reduced their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Trading Down 0.9 %

NASDAQ ACGL opened at $89.57 on Thursday. The stock’s fifty day moving average price is $91.94 and its 200-day moving average price is $100.48. 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 stock has a market cap of $33.70 billion, a P/E ratio of 8.00, a P/E/G ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 12 month low of $86.16 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data 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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the company posted $2.45 earnings per share. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 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.