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Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 12.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,038,611 shares of the insurance provider’s stock after selling 143,740 shares during the quarter. Sumitomo Mitsui […]
Arch Capital Group (NASDAQ:ACGL – Free Report) had its price target boosted by Morgan Stanley from $98.00 to $100.00 in a research note released on Wednesday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the insurance provider’s stock. A number of other research firms have also recently issued reports on ACGL. Wells […]
Chase Investment Counsel Corp reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 34.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,514 shares of the insurance provider’s stock after selling 18,608 shares during the quarter. Arch Capital Group makes […]
Arch Capital Group (NASDAQ:ACGL – Free Report) had its target price upped by JMP Securities from $90.00 to $95.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a market outperform rating on the insurance provider’s stock. Several other equities analysts have also commented on the company. Jefferies […]
Insurers have been hit by a one-two punch of natural disasters and lackluster financial markets. But there’s a silver lining: the profits and surpluses that...