Natixis Advisors LLC Sells 16,964 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Natixis Advisors LLC lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,217,040 shares of the insurance provider's stock after selling 16,964 shares during the period. Natixis Advisors LLC owned 0.32% of Arch Capital Group worth $112,394,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after buying an additional 6,663 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after purchasing an additional 5,614 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after purchasing an additional 6,521 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after purchasing an additional 5,345 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

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Arch Capital Group Price Performance

Arch Capital Group stock traded down $0.11 during mid-day trading on Wednesday, hitting $93.19. 1,583,337 shares of the company were exchanged, compared to its average volume of 1,655,967. The company has a market capitalization of $34.98 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The business has a fifty day moving average of $91.94 and a 200 day moving average of $99.09. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

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 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 in the previous year, the company posted $2.45 earnings per share. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Barclays reduced their price target on shares of 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. UBS Group dropped their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley reduced 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 research note on Friday, February 14th. Six investment 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 an average rating of "Moderate Buy" and a consensus target price of $117.19.

Insider Activity

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

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.