Bridgewater Associates LP Reduces Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bridgewater Associates LP decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,034 shares of the insurance provider's stock after selling 29,885 shares during the quarter. Bridgewater Associates LP's holdings in Arch Capital Group were worth $16,441,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Arch Capital Group in the fourth quarter worth approximately $26,325,000. Causeway Capital Management LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $788,000. CreativeOne Wealth LLC grew its stake in shares of Arch Capital Group by 4.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after buying an additional 126 shares during the period. Mariner LLC boosted its holdings in Arch Capital Group by 47.9% in the fourth quarter. Mariner LLC now owns 599,767 shares of the insurance provider's stock valued at $55,388,000 after acquiring an additional 194,282 shares during the last quarter. Finally, Synovus Financial Corp grew its position in Arch Capital Group by 3.0% during the fourth quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider's stock valued at $438,000 after acquiring an additional 139 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ACGL. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Morgan Stanley reduced their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Jefferies Financial Group raised their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a report on Friday, April 11th. UBS Group decreased their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Barclays cut their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Stock Up 0.2 %

Shares of NASDAQ:ACGL traded up $0.21 during trading on Friday, hitting $92.59. 1,414,329 shares of the company were exchanged, compared to its average volume of 1,738,199. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week 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 fifty day moving average price of $91.55 and a two-hundred day moving average price of $95.93. The stock has a market cap of $34.79 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 last year, the firm posted $2.45 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

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.