General American Investors Co. Inc. cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 400,000 shares of the insurance provider’s stock after selling 45,000 shares during the period. Arch Capital Group makes up about 3.8% of General American Investors Co. Inc.’s portfolio, making the stock its 4th largest position. General American Investors Co. Inc.’s holdings in Arch Capital Group were worth $37,316,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ACGL. Proficio Capital Partners LLC raised its position in shares of Arch Capital Group by 75.5% in the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock worth $104,000 after buying an additional 471 shares during the period. Toronto Dominion Bank raised its position in shares of Arch Capital Group by 26.5% in the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock worth $127,000 after buying an additional 281 shares during the period. Parallel Advisors LLC raised its position in shares of Arch Capital Group by 13.1% in the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock worth $130,000 after buying an additional 156 shares during the period. Crow Point Partners LLC bought a new position in shares of Arch Capital Group during the second quarter worth approximately $174,000. Finally, Atria Investments LLC bought a new position in shares of Arch Capital Group during the second quarter worth approximately $203,000. 70.23% of the stock is currently owned by institutional investors.

Arch Capital Group Ltd. (ACGL) opened at 96.94 on Thursday. Arch Capital Group Ltd. has a 12 month low of $74.16 and a 12 month high of $99.47. The firm’s 50 day moving average is $96.05 and its 200-day moving average is $94.72. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 17.63 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities analysts forecast that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

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ACGL has been the topic of a number of research reports. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, April 26th. Morgan Stanley upped their price target on shares of Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. BidaskClub lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $95.00 price target on shares of Arch Capital Group in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Arch Capital Group has a consensus rating of “Hold” and an average price target of $92.09.

In other Arch Capital Group news, CEO Constantine Iordanou sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total value of $4,894,000.00. Following the completion of the transaction, the chief executive officer now owns 171,901 shares of the company’s stock, valued at approximately $16,825,669.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John D. Vollaro sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $97.31, for a total transaction of $973,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 191,256 shares of company stock valued at $18,352,593. Corporate insiders own 6.60% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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