First Horizon Advisors Inc. Sells 1,266 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

First Horizon Advisors Inc. lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,209 shares of the insurance provider’s stock after selling 1,266 shares during the quarter. First Horizon Advisors Inc.’s holdings in Arch Capital Group were worth $943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oxbow Advisors LLC purchased a new position in shares of Arch Capital Group in the fourth quarter worth about $3,880,000. Navellier & Associates Inc. boosted its holdings in Arch Capital Group by 2.9% in the 4th quarter. Navellier & Associates Inc. now owns 31,634 shares of the insurance provider’s stock worth $2,921,000 after buying an additional 889 shares during the period. Cassaday & Co Wealth Management LLC grew its stake in Arch Capital Group by 7.0% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 3,821 shares of the insurance provider’s stock valued at $353,000 after buying an additional 251 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Arch Capital Group during the 4th quarter valued at $970,000. Finally, New York State Common Retirement Fund lifted its position in shares of Arch Capital Group by 83.3% during the fourth quarter. New York State Common Retirement Fund now owns 420,252 shares of the insurance provider’s stock worth $38,810,000 after acquiring an additional 191,002 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America reduced their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reduced their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Morgan Stanley cut 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. Finally, BMO Capital Markets upped their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Trading Up 1.6 %

NASDAQ ACGL opened at $89.55 on Tuesday. 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 stock’s 50-day simple moving average is $91.93 and its two-hundred day simple moving average is $100.62. Arch Capital Group Ltd. has a twelve month low of $86.16 and a twelve month high of $116.47. The company has a market capitalization of $33.69 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 2.34 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 for the quarter, beating 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 previous year, the business posted $2.45 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.