Los Angeles Capital Management LLC Cuts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Los Angeles Capital Management LLC trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 60.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 455,280 shares of the insurance provider's stock after selling 684,701 shares during the period. Los Angeles Capital Management LLC owned about 0.12% of Arch Capital Group worth $50,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock worth $100,000 after acquiring an additional 101 shares during the period. Fiduciary Financial Group LLC raised its position in Arch Capital Group by 2.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider's stock valued at $415,000 after purchasing an additional 103 shares in the last quarter. Baldwin Brothers LLC MA lifted its holdings in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after buying an additional 104 shares during the period. Fidelis Capital Partners LLC grew its position in shares of Arch Capital Group by 3.1% during the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider's stock worth $344,000 after buying an additional 106 shares in the last quarter. Finally, KG&L Capital Management LLC raised its holdings in shares of Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock valued at $1,214,000 after acquiring an additional 115 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACGL. Barclays assumed coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 target price for the company. StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Finally, Bank of America boosted their price target on Arch Capital Group from $119.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.88.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $2.05 during midday trading on Friday, reaching $101.85. 1,887,176 shares of the stock were exchanged, compared to its average volume of 2,145,058. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $109.19 and a two-hundred day simple moving average of $103.01. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The firm has a market cap of $38.30 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 1.47 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. As a group, analysts anticipate that Arch Capital Group Ltd. will post 9 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $5.00 per share.

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.