National Pension Service Sells 22,236 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

National Pension Service decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 552,230 shares of the insurance provider’s stock after selling 22,236 shares during the quarter. National Pension Service owned 0.15% of Arch Capital Group worth $50,998,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ACGL. Farther Finance Advisors LLC boosted its holdings in shares of Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares in the last quarter. KG&L Capital Management LLC increased its holdings in Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after acquiring an additional 115 shares during the last quarter. Marks Group Wealth Management Inc increased its holdings in Arch Capital Group by 4.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 115 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Arch Capital Group by 1.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after purchasing an additional 116 shares during the period. Finally, Bensler LLC boosted its stake in Arch Capital Group by 0.7% in the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock worth $2,117,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ACGL shares. 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. BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Bank of America lowered their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Up 2.8 %

Shares of ACGL opened at $92.10 on Friday. Arch Capital Group Ltd. has a 52 week low of $86.41 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.31 and a beta of 0.64. The stock’s 50-day moving average price is $92.00 and its 200-day moving average price is $100.42.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) 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 quarter in the prior year, the company earned $2.45 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS 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.