O Shaughnessy Asset Management LLC Sells 8,176 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

O Shaughnessy Asset Management LLC lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 78,663 shares of the insurance provider’s stock after selling 8,176 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Arch Capital Group were worth $7,265,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after purchasing an additional 6,663 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after buying an additional 5,614 shares in the last quarter. Pittenger & Anderson Inc. increased its position in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after buying an additional 2,430 shares during the period. Northstar Group Inc. increased its position in Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock worth $11,285,000 after buying an additional 5,947 shares during the period. Finally, Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $366,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $96.14 on Wednesday. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The stock has a market cap of $36.12 billion, a PE ratio of 8.58, a PEG ratio of 2.31 and a beta of 0.62. 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’s fifty day moving average price is $92.19 and its two-hundred day moving average price is $97.88.

Arch Capital Group (NASDAQ:ACGL) last issued 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 return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the firm posted $2.45 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. UBS Group lowered their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on 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. Finally, Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.19.

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.