Sentry Investment Management LLC Sells 226 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Sentry Investment Management LLC trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,385 shares of the insurance provider’s stock after selling 226 shares during the quarter. Sentry Investment Management LLC’s holdings in Arch Capital Group were worth $128,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Arch Capital Group in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Arch Capital Group during the 3rd quarter worth $50,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd boosted its holdings in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $89.57 on Thursday. Arch Capital Group Ltd. has a 12-month low of $86.16 and a 12-month high of $116.47. 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 firm has a market capitalization of $33.70 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The firm has a 50-day moving average price of $91.94 and a 200 day moving average price of $100.48.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping 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 period last year, the firm earned $2.45 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ACGL shares. Royal Bank of Canada decreased their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. BMO Capital Markets upped their price objective 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. Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, UBS Group cut 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 note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.19.

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.