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

First Horizon Advisors Inc. decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oxbow Advisors LLC bought a new stake in shares of Arch Capital Group in the fourth quarter worth about $3,880,000. Navellier & Associates Inc. lifted 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 lifted its holdings 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 worth $353,000 after buying an additional 251 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter worth approximately $970,000. Finally, New York State Common Retirement Fund increased its stake 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 valued at $38,810,000 after buying an additional 191,002 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $89.55 on Tuesday. Arch Capital Group Ltd. has a 1-year low of $86.16 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The business has a fifty day moving average price of $91.93 and a 200-day moving average price of $100.62. The company has a market capitalization of $33.69 billion, a PE 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 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business posted $2.45 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. UBS Group dropped their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. BMO Capital Markets lifted 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. Bank of America decreased their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.19.

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.