Atria Wealth Solutions Inc. Sells 2,291 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Atria Wealth Solutions Inc. decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,580 shares of the insurance provider’s stock after selling 2,291 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Arch Capital Group were worth $977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACGL. State Street Corp grew its position in shares of Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after buying an additional 172,628 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Arch Capital Group by 2.4% in the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after acquiring an additional 253,648 shares during the last quarter. Principal Financial Group Inc. increased its position in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock valued at $759,324,000 after purchasing an additional 783,506 shares during the period. Allspring Global Investments Holdings LLC increased its position in Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock valued at $488,992,000 after purchasing an additional 226,617 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Arch Capital Group by 245.1% during 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 purchasing an additional 2,168,897 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of 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. BMO Capital Markets increased their price target 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. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. JMP Securities restated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. 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 report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $89.55 on Tuesday. The business’s fifty day simple moving average is $91.93 and its 200 day simple moving average is $100.62. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $86.16 and a 12 month high of $116.47. The firm has a market capitalization of $33.69 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 2.34 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 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 quarter in the previous year, the business posted $2.45 EPS. As a group, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

About Arch Capital Group

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.