Vanguard Group Inc. Lowers Stock Holdings in Arch Capital Group Ltd. $ACGL

Vanguard Group Inc. reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,288,784 shares of the insurance provider’s stock after selling 1,024,436 shares during the quarter. Vanguard Group Inc. owned 0.11% of Arch Capital Group worth $3,960,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $210,856,000. First Trust Advisors LP lifted its holdings in shares of Arch Capital Group by 409.5% in the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after buying an additional 2,279,147 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Arch Capital Group by 289.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after buying an additional 1,016,919 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Arch Capital Group by 112.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock valued at $171,953,000 after buying an additional 1,003,004 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Arch Capital Group by 56.4% in the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock valued at $248,466,000 after buying an additional 987,398 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the transaction, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $34,220. This trade represents a 60.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ACGL. Royal Bank Of Canada lifted their price objective on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. cut their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. The Goldman Sachs Group reissued a “sell” rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $104.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.93.

Arch Capital Group Trading Up 0.2%

Shares of ACGL opened at $96.35 on Tuesday. The stock’s 50-day moving average is $96.60 and its two-hundred day moving average is $94.18. The stock has a market cap of $34.33 billion, a PE ratio of 8.29, a P/E/G ratio of 4.79 and a beta of 0.41. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. The company 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 quarter in the previous year, the firm posted $2.26 earnings per share. Equities analysts forecast that Arch Capital Group Ltd. will post 9.34 earnings per share for the current fiscal year.

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.