Westover Capital Advisors LLC Sells 202 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Westover Capital Advisors LLC trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,891 shares of the insurance provider’s stock after selling 202 shares during the quarter. Westover Capital Advisors LLC’s holdings in Arch Capital Group were worth $3,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Arch Capital Group in the 3rd quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd boosted its position 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 valued at $43,000 after acquiring an additional 260 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Arch Capital Group during the 3rd quarter valued at approximately $50,000. Finally, UMB Bank n.a. boosted its position 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 valued at $78,000 after acquiring an additional 414 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

ACGL stock opened at $92.98 on Tuesday. 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 business’s fifty day simple moving average is $92.06 and its two-hundred day simple moving average is $100.34. Arch Capital Group Ltd. has a twelve month low of $86.56 and a twelve month high of $116.47. The firm has a market cap of $34.98 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 business earned $2.45 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

ACGL has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.