Legal & General Group Plc Sells 413,868 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Legal & General Group Plc decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,947,556 shares of the insurance provider's stock after selling 413,868 shares during the quarter. Legal & General Group Plc owned approximately 0.78% of Arch Capital Group worth $272,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Arch Capital Group in the 4th quarter valued at $437,291,000. Madison Investment Advisors LLC acquired a new position in shares of Arch Capital Group during the fourth quarter valued at about $410,010,000. Swedbank AB raised its holdings in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock valued at $116,542,000 after purchasing an additional 919,793 shares during the period. Egerton Capital UK LLP boosted its position in shares of Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after purchasing an additional 816,750 shares in the last quarter. Finally, High Ground Investment Management LLP grew its stake in shares of Arch Capital Group by 246.3% in the 4th quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider's stock valued at $102,367,000 after buying an additional 788,393 shares during the period. Institutional investors own 89.07% of the company's stock.

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Analysts Set New Price Targets

ACGL has been the topic of several research reports. Barclays lowered their price objective 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. Morgan Stanley dropped their price target 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. Wells Fargo & Company decreased their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. UBS Group lowered their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $114.88.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction 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 sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.10% of the stock is owned by insiders.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $1.53 during trading on Monday, reaching $93.66. 230,832 shares of the stock traded hands, compared to its average volume of 1,733,858. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock has a market capitalization of $35.19 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a 50-day moving average of $91.52 and a 200-day moving average of $96.40.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the firm earned $2.45 EPS. 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.