Choreo LLC Sells 1,550 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Choreo LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 28,217 shares of the insurance provider’s stock after selling 1,550 shares during the quarter. Choreo LLC’s holdings in Arch Capital Group were worth $2,593,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the third quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA purchased a new stake in Arch Capital Group in the third quarter valued at approximately $46,000. UMB Bank n.a. raised its stake in Arch Capital Group by 41.9% in the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares in the last quarter. Asset Dedication LLC raised its stake in Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in Arch Capital Group in the third quarter valued at approximately $50,000. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets raised their target price on shares of 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. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Barclays decreased their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of 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. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $93.88 on Friday. The stock has a market cap of $35.32 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. The firm’s fifty day simple moving average is $93.59 and its 200 day simple moving average is $101.18. Arch Capital Group Ltd. has a twelve month low of $80.97 and a twelve month high of $116.47. 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 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.