Janney Montgomery Scott LLC Sells 9,367 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Janney Montgomery Scott LLC trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,060 shares of the insurance provider’s stock after selling 9,367 shares during the period. Janney Montgomery Scott LLC’s holdings in Arch Capital Group were worth $11,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after buying an additional 101 shares during the period. Fiduciary Financial Group LLC increased its holdings in shares of Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after acquiring an additional 103 shares during the period. KG&L Capital Management LLC raised its position in shares of Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after acquiring an additional 115 shares in the last quarter. Marks Group Wealth Management Inc lifted its stake in shares of Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 115 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Arch Capital Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ACGL shares. JMP Securities raised their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Bank of America cut their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada decreased their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Down 0.3 %

Shares of NASDAQ ACGL opened at $92.76 on Monday. The company has a market capitalization of $34.90 billion, a P/E ratio of 6.23, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50 day simple moving average of $94.44 and a 200-day simple moving average of $101.44. Arch Capital Group Ltd. has a 1 year low of $78.67 and a 1 year high of $116.47.

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

Arch Capital Group Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Arch Capital Group Company 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.