Clearbridge Investments LLC Lowers Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Clearbridge Investments LLC reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,002 shares of the insurance provider's stock after selling 83,816 shares during the period. Clearbridge Investments LLC owned 0.11% of Arch Capital Group worth $38,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its position in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after acquiring an additional 110 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after purchasing an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Arch Capital Group by 5.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock worth $214,000 after purchasing an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock worth $285,000 after purchasing an additional 132 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its holdings in shares of Arch Capital Group by 2.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider's stock valued at $656,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

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Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated 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 sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group lowered their price target on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley lowered their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, JMP Securities reissued a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded down $8.45 during trading on Friday, reaching $87.83. 2,687,962 shares of the stock traded hands, compared to its average volume of 1,719,357. The company has a 50-day moving average of $92.23 and a 200-day moving average of $97.46. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The stock has a market capitalization of $33.00 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. 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 (NASDAQ:ACGL - Get Free Report) last issued 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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the firm earned $2.45 earnings per share. Analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS 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.