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

Securian Asset Management Inc. reduced its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 45.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,818 shares of the insurance provider’s stock after selling 8,132 shares during the quarter. Securian Asset Management Inc.’s holdings in Arch Capital Group were worth $942,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC bought a new position in shares of Arch Capital Group in the fourth quarter valued at $207,000. Bryn Mawr Trust Advisors LLC grew its holdings in shares of Arch Capital Group by 11.3% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 2,799 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 285 shares during the last quarter. Advisor OS LLC grew its holdings in shares of Arch Capital Group by 6.6% in the 4th quarter. Advisor OS LLC now owns 2,932 shares of the insurance provider’s stock worth $281,000 after acquiring an additional 182 shares during the last quarter. Oxbow Advisors LLC raised its position in shares of Arch Capital Group by 83.7% during the fourth quarter. Oxbow Advisors LLC now owns 84,290 shares of the insurance provider’s stock worth $8,085,000 after purchasing an additional 38,402 shares during the period. Finally, NewEdge Wealth LLC lifted its holdings in shares of Arch Capital Group by 62.5% during the fourth quarter. NewEdge Wealth LLC now owns 8,575 shares of the insurance provider’s stock valued at $823,000 after purchasing an additional 3,297 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Mizuho dropped their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a report on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $106.32.

Insider Activity at Arch Capital Group

In related news, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 32,837 shares of company stock valued at $2,766,946. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Down 1.0%

Shares of Arch Capital Group stock opened at $93.32 on Thursday. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a market cap of $32.61 billion, a P/E ratio of 7.17, a P/E/G ratio of 5.18 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $95.62 and a 200 day moving average price of $94.56.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The company had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

About Arch Capital Group

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.