Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,426,213 shares of the insurance provider’s stock after selling 507,285 shares during the quarter. Arch Capital Group accounts for approximately 2.9% of WCM Investment Management LLC’s portfolio, making the stock its 10th biggest holding. WCM Investment Management LLC’s holdings in Arch Capital Group were worth $1,233,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the 3rd quarter worth $25,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd lifted its stake in 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 in the last quarter. Compagnie Lombard Odier SCmA bought a new position in Arch Capital Group during the 3rd quarter valued at $46,000. Finally, UMB Bank n.a. lifted its stake in Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ACGL shares. JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada decreased their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets lifted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Six investment 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 company has an average rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Stock Down 0.4 %

Shares of NASDAQ ACGL opened at $93.50 on Friday. Arch Capital Group Ltd. has a 52 week low of $80.97 and a 52 week high of $116.47. The business has a 50-day simple moving average of $93.45 and a two-hundred day simple moving average of $101.19. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $35.18 billion, a P/E ratio of 6.28, a P/E/G ratio of 1.53 and a beta of 0.64.

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.