Carderock Capital Management Inc. Reduces Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Carderock Capital Management Inc. lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,530 shares of the insurance provider’s stock after selling 2,809 shares during the quarter. Arch Capital Group makes up about 2.2% of Carderock Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Carderock Capital Management Inc.’s holdings in Arch Capital Group were worth $8,730,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ACGL shares. JMP Securities raised their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Wells Fargo & Company decreased their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Stock Down 0.6 %

ACGL stock opened at $95.51 on Friday. The company’s 50 day moving average price is $95.15 and its 200 day moving average price is $101.54. The firm has a market capitalization of $35.93 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 1.41 and a beta of 0.64. Arch Capital Group Ltd. has a fifty-two week low of $77.53 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58.

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

Arch Capital Group Announces Dividend

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

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.