Grantham Mayo Van Otterloo & Co. LLC Reduces Position in Arch Capital Group Ltd. $ACGL

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,617 shares of the insurance provider’s stock after selling 29,791 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Arch Capital Group were worth $15,934,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Cornerstone Planning Group LLC grew its stake in Arch Capital Group by 426.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 311 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at approximately $37,000. Richardson Financial Services Inc. raised its position in shares of Arch Capital Group by 63.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 162 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $104.00 price objective (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Citigroup reissued a “buy” rating and issued a $120.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th. Finally, Wells Fargo & Company upped their target price on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $109.20.

Insiders Place Their Bets

In other news, insider John M. Pasquesi sold 8,800 shares of Arch Capital Group stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the transaction, the insider directly owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 260,096 shares of company stock worth $24,530,685 over the last three months. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Stock Performance

ACGL stock opened at $97.21 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The firm has a market cap of $34.59 billion, a P/E ratio of 8.37, a P/E/G ratio of 3.90 and a beta of 0.40. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The stock’s 50 day simple moving average is $96.30 and its 200 day simple moving average is $92.95.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period last year, the business posted $2.26 earnings per share. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group 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.