Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,719 shares of the insurance provider’s stock after selling 784 shares during the period. Hantz Financial Services Inc.’s holdings in Arch Capital Group were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the third quarter valued at about $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $46,000. UMB Bank n.a. grew its position 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 worth $48,000 after purchasing an additional 126 shares in the last quarter. Asset Dedication LLC raised its stake in Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at $50,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACGL. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Evercore ISI boosted their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays lowered their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.07 on Friday. The company has a market capitalization of $35.02 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a one year low of $80.97 and a one year high of $116.47. The company’s fifty day moving average price is $94.17 and its 200 day moving average price is $101.30.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the firm earned $2.31 EPS. As a group, analysts expect that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.