Capital International Inc. CA Sells 22,574 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Capital International Inc. CA lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,527 shares of the insurance provider's stock after selling 22,574 shares during the quarter. Capital International Inc. CA's holdings in Arch Capital Group were worth $10,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ACGL. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the fourth quarter worth $37,000. Golden State Wealth Management LLC purchased a new position in Arch Capital Group during the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd lifted its position in shares of Arch Capital Group by 125.6% in the fourth 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 in the last quarter. UMB Bank n.a. raised its holdings in shares of Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after buying an additional 291 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Down 0.4 %

ACGL stock traded down $0.41 during mid-day trading on Thursday, hitting $92.10. 1,828,739 shares of the company were exchanged, compared to its average volume of 1,737,254. The firm's 50 day simple moving average is $91.72 and its 200 day simple moving average is $95.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The firm has a market cap of $34.60 billion, a P/E ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $2.45 earnings per share. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Wells Fargo & Company cut their price target 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. Finally, Barclays decreased their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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 company's stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group 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.