Arch Capital Group Ltd. $ACGL Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. cut its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 72.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,794 shares of the insurance provider’s stock after selling 15,367 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Arch Capital Group were worth $526,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ACGL. TD Waterhouse Canada Inc. raised its stake in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 112 shares in the last quarter. Crescent Grove Advisors LLC increased its holdings in Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 112 shares during the period. TIAA Trust National Association raised its position in Arch Capital Group by 3.1% in the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock valued at $354,000 after purchasing an additional 116 shares in the last quarter. Park National Corp OH boosted its stake in shares of Arch Capital Group by 4.4% in the 2nd quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock valued at $261,000 after buying an additional 120 shares during the period. Finally, Greenleaf Trust grew its position in shares of Arch Capital Group by 4.2% during the second quarter. Greenleaf Trust now owns 3,082 shares of the insurance provider’s stock worth $281,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at $25,233,356.22. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John M. Pasquesi sold 203,866 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the sale, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. This trade represents a 36.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 220,666 shares of company stock worth $20,728,673. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Price Performance

Shares of ACGL opened at $96.38 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $97.60. The stock has a market cap of $34.95 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 2.15 and a beta of 0.45. The firm has a fifty day moving average price of $93.07 and a 200 day moving average price of $90.81.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same quarter in the previous year, the firm earned $1.99 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Mizuho set a $95.00 target price on shares of Arch Capital Group and gave the company a “neutral” rating in a report on Monday, December 15th. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday. The Goldman Sachs Group reiterated a “sell” rating and set a $93.00 target price (up previously from $84.00) on shares of Arch Capital Group in a research note on Wednesday. Roth Capital set a $110.00 target price on Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Barclays set a $104.00 price target on Arch Capital Group and gave the stock an “equal weight” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $106.60.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.