Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,492 shares of the insurance provider’s stock after selling 21,170 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Arch Capital Group were worth $12,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Arch Capital Group by 245.1% in the third 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 valued at $341,652,000 after purchasing an additional 2,168,897 shares during the period. Swedbank AB increased its stake in shares of Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after purchasing an additional 919,793 shares during the period. Egerton Capital UK LLP increased its stake in shares of Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock valued at $368,289,000 after purchasing an additional 816,750 shares during the period. Principal Financial Group Inc. increased its stake in shares of Arch Capital Group by 10.5% in the fourth 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. Finally, Erste Asset Management GmbH acquired a new position in shares of Arch Capital Group during the third quarter valued at approximately $82,748,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Down 2.1 %

Arch Capital Group stock opened at $93.30 on Wednesday. The company has a 50 day moving average price of $91.94 and a 200 day moving average price of $99.09. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market capitalization of $35.02 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the business posted $2.45 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ACGL shares. UBS Group lowered their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. JMP Securities reiterated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group 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.