Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,071 shares of the insurance provider's stock after selling 13,097 shares during the period. Alliancebernstein L.P. owned about 0.11% of Arch Capital Group worth $37,408,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Arch Capital Group in the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd raised its holdings in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after acquiring an additional 414 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 1.0 %

NASDAQ:ACGL traded down $0.91 during midday trading on Thursday, reaching $90.57. The company had a trading volume of 438,500 shares, compared to its average volume of 1,727,489. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.36. The stock's fifty day simple moving average is $91.58 and its 200-day simple moving average is $96.82.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the company earned $2.45 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ACGL. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday. UBS Group decreased their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday. Royal Bank of Canada decreased their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays decreased their price objective on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average price target of $117.06.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.