Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 178,034 shares of the insurance provider’s stock after selling 29,885 shares during the period. Bridgewater Associates LP’s holdings in Arch Capital Group were worth $16,441,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after buying an additional 110 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 126 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 127 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 129 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in Arch Capital Group by 4.5% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 132 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.4 %

Shares of ACGL opened at $92.46 on Wednesday. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The stock has a market cap of $34.74 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The firm’s fifty day moving average is $91.49 and its two-hundred day moving average is $96.23. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 quarter last year, the firm earned $2.45 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACGL. Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Morgan Stanley decreased their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Wells Fargo & Company dropped their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, UBS Group cut their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.88.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

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.