Atria Investments Inc Sells 3,383 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Atria Investments Inc decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,500 shares of the insurance provider's stock after selling 3,383 shares during the quarter. Atria Investments Inc's holdings in Arch Capital Group were worth $2,632,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock worth $100,000 after buying an additional 101 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in Arch Capital Group during the third quarter worth $227,000. Graypoint LLC acquired a new position in Arch Capital Group during the third quarter worth about $212,000. Principal Financial Group Inc. grew its holdings in shares of Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock worth $832,246,000 after acquiring an additional 337,786 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in Arch Capital Group by 4.2% during the third quarter. Axxcess Wealth Management LLC now owns 67,365 shares of the insurance provider's stock worth $7,537,000 after purchasing an additional 2,699 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ACGL shares. Bank of America dropped their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. UBS Group reduced their price objective on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on 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. Barclays reduced their target price 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. Finally, Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $117.19.

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Insiders Place Their Bets

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction that occurred 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 owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded down $0.14 during midday trading on Tuesday, reaching $90.58. 669,728 shares of the company traded hands, compared to its average volume of 1,886,726. The company has a market cap of $34.00 billion, a price-to-earnings ratio of 8.08, 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 52 week low of $87.42 and a 52 week high of $116.47. The stock has a 50-day moving average price of $91.94 and a 200 day moving average price of $99.90.

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, beating the consensus estimate 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 prior year, the company posted $2.45 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company 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.