HighTower Advisors LLC Sells 5,112 Shares of Arch Capital Group Ltd. $ACGL

HighTower Advisors LLC cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,281 shares of the insurance provider's stock after selling 5,112 shares during the quarter. HighTower Advisors LLC's holdings in Arch Capital Group were worth $8,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in shares of Arch Capital Group during the first quarter worth $399,651,000. First Trust Advisors LP boosted its holdings in shares of Arch Capital Group by 663.3% during the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after acquiring an additional 2,139,782 shares in the last quarter. JPMorgan Chase & Co. grew its position in Arch Capital Group by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock worth $718,522,000 after acquiring an additional 1,743,945 shares during the last quarter. GAMMA Investing LLC increased its holdings in Arch Capital Group by 10,817.9% in the 1st quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock worth $775,380,000 after purchasing an additional 798,797 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Arch Capital Group by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,576,223 shares of the insurance provider's stock valued at $330,264,000 after purchasing an additional 522,484 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ACGL shares. Cowen restated a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group cut shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Citigroup initiated coverage on shares of Arch Capital Group in a research note on Wednesday, August 13th. They set a "buy" rating and a $113.00 price target for the company. Finally, JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average target price of $112.13.

Arch Capital Group Trading Up 0.6%

Shares of NASDAQ:ACGL traded up $0.5830 during trading on Thursday, reaching $93.4230. The stock had a trading volume of 956,740 shares, compared to its average volume of 1,927,329. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The firm's fifty day moving average is $89.37 and its 200 day moving average is $91.21. The stock has a market cap of $34.87 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 5.62 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same quarter last year, the firm earned $2.57 earnings per share. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal 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.