Empirical Asset Management LLC Trims Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Empirical Asset Management LLC lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 7,430 shares of the insurance provider’s stock after selling 647 shares during the quarter. Empirical Asset Management LLC’s holdings in Arch Capital Group were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACGL. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the third quarter worth $25,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Arch Capital Group in the third quarter worth about $46,000. UMB Bank n.a. boosted its stake in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 126 shares in the last quarter. Asset Dedication LLC grew its position in shares of Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.6 %

Shares of NASDAQ:ACGL opened at $95.51 on Friday. Arch Capital Group Ltd. has a 52-week low of $77.53 and a 52-week high of $116.47. The stock has a market cap of $35.93 billion, a P/E ratio of 6.41, a PEG ratio of 1.41 and a beta of 0.64. The business has a fifty day moving average of $95.15 and a two-hundred day moving average of $101.55. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.85 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of recent analyst reports. JMP Securities raised their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Bank of America decreased their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays reduced their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price 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. Finally, Jefferies Financial Group boosted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Read Our Latest Analysis on Arch Capital Group

Arch Capital Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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