Mount Yale Investment Advisors LLC Reduces Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mount Yale Investment Advisors LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,108 shares of the insurance provider’s stock after selling 628 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Arch Capital Group were worth $1,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ACGL. Renaissance Technologies LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $4,167,000. AXA S.A. increased its holdings in Arch Capital Group by 202.8% during the second quarter. AXA S.A. now owns 25,997 shares of the insurance provider’s stock valued at $2,623,000 after buying an additional 17,411 shares during the last quarter. MBB Public Markets I LLC raised its position in Arch Capital Group by 632.6% in the second quarter. MBB Public Markets I LLC now owns 26,454 shares of the insurance provider’s stock worth $2,669,000 after acquiring an additional 22,843 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Arch Capital Group by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 301,598 shares of the insurance provider’s stock worth $30,428,000 after acquiring an additional 10,026 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Arch Capital Group by 94.6% during the 2nd quarter. Mackenzie Financial Corp now owns 92,665 shares of the insurance provider’s stock valued at $9,349,000 after acquiring an additional 45,056 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACGL. JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Barclays lowered their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Bank of America reduced their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. 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 report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $92.76 on Monday. The business’s 50-day moving average is $94.44 and its 200 day moving average is $101.44. Arch Capital Group Ltd. has a 12 month low of $78.67 and a 12 month high of $116.47. 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 current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $2.31 EPS. On average, equities 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 firm also recently announced 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 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.