Vinva Investment Management Ltd Sells 35,456 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Vinva Investment Management Ltd reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 64.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,980 shares of the insurance provider's stock after selling 35,456 shares during the period. Vinva Investment Management Ltd's holdings in Arch Capital Group were worth $1,836,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp grew its stake in Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock valued at $1,855,803,000 after buying an additional 172,628 shares during the last quarter. Geode Capital Management LLC boosted its stake in Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider's stock valued at $1,208,307,000 after purchasing an additional 253,648 shares during the period. Principal Financial Group Inc. grew its holdings in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after buying an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock worth $488,992,000 after buying an additional 226,617 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $410,010,000. 89.07% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several analysts have issued reports on ACGL shares. Royal Bank of Canada decreased their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Morgan Stanley decreased their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $117.19.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 0.6 %

Shares of ACGL stock traded up $0.57 during trading hours on Tuesday, reaching $94.58. The company had a trading volume of 1,412,620 shares, compared to its average volume of 1,655,992. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a market cap of $35.50 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a 50 day moving average of $92.05 and a 200 day moving average of $98.52.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued 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 return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the company earned $2.45 EPS. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.