Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lessened its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 77.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,357 shares of the insurance provider’s stock after selling 45,004 shares during the period. Acadian Asset Management LLC’s holdings in Arch Capital Group were worth $1,347,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the second quarter valued at about $30,000. Baldwin Brothers LLC MA lifted its stake in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $33,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at about $35,000. Finally, LRI Investments LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ACGL. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. JMP Securities raised their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.93.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $112.02 on Monday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $114.65. The firm has a 50 day moving average price of $102.58 and a 200 day moving average price of $98.14. The company has a market cap of $42.06 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 1.99 and a beta of 0.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The sale was disclosed in a filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

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.