Commonwealth Equity Services LLC Sells 21,170 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Commonwealth Equity Services LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,492 shares of the insurance provider's stock after selling 21,170 shares during the period. Commonwealth Equity Services LLC's holdings in Arch Capital Group were worth $12,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HBK Sorce Advisory LLC increased its stake in Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after acquiring an additional 127 shares during the last quarter. Erste Asset Management GmbH raised its holdings in shares of Arch Capital Group by 6.1% during the 4th quarter. Erste Asset Management GmbH now owns 780,722 shares of the insurance provider's stock valued at $71,984,000 after buying an additional 44,692 shares in the last quarter. Achmea Investment Management B.V. lifted its position in Arch Capital Group by 7.6% in the 4th quarter. Achmea Investment Management B.V. now owns 34,161 shares of the insurance provider's stock worth $3,155,000 after buying an additional 2,424 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Arch Capital Group by 4.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,970 shares of the insurance provider's stock worth $2,121,000 after buying an additional 1,036 shares in the last quarter. Finally, Egerton Capital UK LLP grew its position in Arch Capital Group by 25.8% during the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock valued at $368,289,000 after acquiring an additional 816,750 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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Arch Capital Group Trading Down 0.5 %

ACGL stock traded down $0.47 during trading on Friday, reaching $91.98. The company had a trading volume of 3,427,158 shares, compared to its average volume of 1,657,568. 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 52 week low of $87.42 and a 52 week high of $116.47. The business has a 50 day moving average of $91.99 and a 200 day moving average of $98.85. The company has a market cap of $34.53 billion, a P/E ratio of 8.21, a PEG ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company posted $2.45 earnings per share. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACGL. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. UBS Group lowered their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Barclays dropped their target price 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, Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.19.

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.