Gulf International Bank UK Ltd Has $2.69 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Gulf International Bank UK Ltd cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,141 shares of the insurance provider’s stock after selling 338 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Arch Capital Group were worth $2,691,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Arch Capital Group in the third quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at about $42,000. Y.D. More Investments Ltd boosted its stake in 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 valued at $43,000 after buying an additional 260 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Arch Capital Group in the third quarter valued at about $50,000. Finally, UMB Bank n.a. boosted its stake in Arch Capital Group by 97.0% in the fourth 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 in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACGL has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. BMO Capital Markets increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Bank of America dropped their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Barclays dropped their target price on 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. Finally, Morgan Stanley dropped their target price 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock 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 ACGL stock opened at $92.93 on Friday. The company has a market cap of $34.96 billion, a P/E ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64. The stock has a 50 day simple moving average of $92.04 and a two-hundred day simple moving average of $100.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a fifty-two week low of $86.41 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company earned $2.45 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current 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.