Chase Investment Counsel Corp Sells 1,453 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Chase Investment Counsel Corp trimmed its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,603 shares of the insurance provider’s stock after selling 1,453 shares during the period. Chase Investment Counsel Corp’s holdings in Arch Capital Group were worth $4,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Arch Capital Group by 245.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after buying an additional 2,168,897 shares during the period. Swedbank AB increased its position in Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after buying an additional 919,793 shares during the period. Principal Financial Group Inc. increased its position in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after buying an additional 783,506 shares during the period. Erste Asset Management GmbH bought a new position in Arch Capital Group in the 3rd quarter worth approximately $82,748,000. Finally, AustralianSuper Pty Ltd increased its position in Arch Capital Group by 736.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock worth $70,774,000 after buying an additional 674,739 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $92.93 on Friday. The stock’s fifty day simple moving average is $92.04 and its 200 day simple moving average is $100.39. 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 firm has a market cap of $34.96 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a one year low of $86.41 and a one year high of $116.47.

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

Analyst Ratings Changes

ACGL has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Bank of America decreased their price objective on 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 $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley decreased their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus 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.