Los Angeles Capital Management LLC Trims Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Los Angeles Capital Management LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 51.0% in the 4th quarter, Holdings Channel reports. The fund owned 223,160 shares of the insurance provider’s stock after selling 232,120 shares during the period. Los Angeles Capital Management LLC’s holdings in Arch Capital Group were worth $20,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Arch Capital Group during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at approximately $50,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd raised its stake in shares of Arch Capital Group by 125.6% during the 4th 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. Finally, UMB Bank n.a. raised its stake in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $90.35 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 52-week low of $86.16 and a 52-week high of $116.47. The company has a fifty day simple moving average of $91.92 and a 200-day simple moving average of $100.56. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) 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 period last year, the company earned $2.45 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on ACGL shares. BMO Capital Markets upped their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Morgan Stanley reduced 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 report on Friday, February 14th. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. 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. Finally, JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.19.

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.