SG Americas Securities LLC Trims Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

SG Americas Securities LLC reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 84.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,775 shares of the insurance provider’s stock after selling 48,411 shares during the period. SG Americas Securities LLC’s holdings in Arch Capital Group were worth $810,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ACGL. Nomura Asset Management Co. Ltd. grew its stake in Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after purchasing an additional 5,614 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after purchasing an additional 6,521 shares in the last quarter. Metis Global Partners LLC grew its position in Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after purchasing an additional 5,345 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock valued at $6,201,000 after purchasing an additional 35,060 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock worth $330,000 after buying an additional 187 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research reports. Evercore ISI increased their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company lowered their price target 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. Jefferies Financial Group boosted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays cut 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 note on Monday, January 6th. 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 data from MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Price Performance

Shares of ACGL opened at $93.82 on Thursday. 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 Ltd. has a fifty-two week low of $79.51 and a fifty-two week high of $116.47. The company has a market cap of $35.30 billion, a P/E ratio of 6.30, a PEG ratio of 1.52 and a beta of 0.64. The firm’s 50 day moving average price is $94.39 and its 200 day moving average price is $101.37.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the company posted $2.31 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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

Arch Capital Group 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.