Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 72.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,053 shares of the insurance provider's stock after selling 44,797 shares during the period. Guggenheim Capital LLC's holdings in Arch Capital Group were worth $1,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $26,325,000. Causeway Capital Management LLC acquired a new position in shares of Arch Capital Group in the fourth quarter worth $788,000. CreativeOne Wealth LLC increased its position in shares of Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after acquiring 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 purchasing an additional 194,282 shares during the period. Finally, Synovus Financial Corp grew its stake in Arch Capital Group by 3.0% during the 4th quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider's stock worth $438,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $1.42 on Friday, reaching $90.68. 1,304,307 shares of the stock were exchanged, compared to its average volume of 1,737,442. 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 $34.07 billion, a PE ratio of 8.10, a PEG ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The business has a fifty day moving average price of $91.80 and a two-hundred day moving average price of $95.36.

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

Insider Activity 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 on Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Barclays dropped their target price on 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. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group upped their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $114.88.

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.