Amundi boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272,386 shares of the insurance provider's stock after acquiring an additional 314,796 shares during the period. Amundi owned about 0.34% of Arch Capital Group worth $117,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in Arch Capital Group during the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the 4th quarter valued at $42,000. Y.D. More Investments Ltd boosted its stake in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Arch Capital Group during the 3rd quarter worth $50,000. 89.07% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other 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 value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company's stock.
Arch Capital Group Stock Performance
NASDAQ ACGL traded down $0.63 during trading on Tuesday, reaching $90.09. 1,909,960 shares of the company's stock were exchanged, compared to its average volume of 1,914,512. The business has a 50 day moving average price of $91.89 and a 200-day moving average price of $99.77. The stock has a market capitalization of $33.82 billion, a P/E ratio of 8.04, a PEG ratio of 2.31 and a beta of 0.62. 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 fifty-two week low of $87.42 and a fifty-two week high of $116.47.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its 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 prior year, the business earned $2.45 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on ACGL. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Bank of America decreased their price target on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a report on Friday, November 15th. Morgan Stanley reduced their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. UBS Group cut their price target 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. Finally, Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $117.19.
Check Out Our Latest Stock Report on Arch Capital Group
Arch Capital Group Company Profile
(
Free Report)
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.
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