Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,933,498 shares of the insurance provider's stock after selling 50,046 shares during the quarter. Arch Capital Group accounts for 3.6% of WCM Investment Management LLC's investment portfolio, making the stock its 7th biggest position. WCM Investment Management LLC owned 3.71% of Arch Capital Group worth $1,580,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Venturi Wealth Management LLC increased its holdings in Arch Capital Group by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 13,632 shares of the insurance provider's stock worth $1,525,000 after purchasing an additional 5,079 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Arch Capital Group during the 3rd quarter worth approximately $50,000. Axxcess Wealth Management LLC grew its position in shares of Arch Capital Group by 4.2% in the 3rd quarter. Axxcess Wealth Management LLC now owns 67,365 shares of the insurance provider's stock worth $7,537,000 after acquiring an additional 2,699 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Arch Capital Group by 5.4% in the 3rd quarter. Atria Investments Inc now owns 31,883 shares of the insurance provider's stock valued at $3,567,000 after acquiring an additional 1,624 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Arch Capital Group by 0.5% in the 3rd quarter. Assetmark Inc. now owns 961,422 shares of the insurance provider's stock valued at $107,564,000 after acquiring an additional 5,120 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling

In other news, CFO Francois Morin sold 11,460 shares of the company's stock in a transaction on Friday, August 16th. The stock was 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 directly owns 221,779 shares of the company's stock, valued at $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded down $1.35 during mid-day trading on Monday, reaching $100.50. 2,131,677 shares of the company traded hands, compared to its average volume of 1,666,227. The firm has a market cap of $37.79 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock has a fifty day simple moving average of $108.93 and a 200-day simple moving average of $103.13.

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

Arch Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of research reports. Citigroup lifted their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $126.00 to $118.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. JMP Securities raised their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 15th. BMO Capital Markets increased their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group boosted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average target price of $118.88.

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.