Capital International Ltd. CA Sells 36,891 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Capital International Ltd. CA lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,694 shares of the insurance provider's stock after selling 36,891 shares during the period. Capital International Ltd. CA's holdings in Arch Capital Group were worth $4,312,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after buying an additional 6,663 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 2,430 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new position in shares of Arch Capital Group in the fourth quarter worth about $366,000. Northstar Group Inc. lifted its position in shares of Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock worth $11,285,000 after purchasing an additional 5,947 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Arch Capital Group by 33.7% in the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after buying an additional 157,197 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.20% of the company's stock.

Arch Capital Group Trading Down 0.5 %

Shares of ACGL stock traded down $0.44 during trading hours on Wednesday, reaching $92.51. The company had a trading volume of 1,108,291 shares, compared to its average volume of 1,850,410. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The firm has a market cap of $34.76 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 2.31 and a beta of 0.36. The company has a 50 day moving average of $91.64 and a 200 day moving average of $95.49.

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 the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the firm earned $2.45 EPS. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACGL shares. UBS Group cut their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Barclays cut their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Finally, JMP Securities restated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and a consensus target price of $114.88.

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.