Barclays PLC Trims Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Barclays PLC trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,238,835 shares of the insurance provider's stock after selling 58,174 shares during the quarter. Barclays PLC owned approximately 0.33% of Arch Capital Group worth $114,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ACGL. Principal Financial Group Inc. grew its stake in shares of Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after acquiring an additional 337,786 shares during the period. XTX Topco Ltd bought a new position in shares of Arch Capital Group in the third quarter worth approximately $367,000. Virtu Financial LLC purchased a new stake in Arch Capital Group in the 3rd quarter worth $1,106,000. SkyView Investment Advisors LLC lifted its position in shares of Arch Capital Group by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider's stock valued at $3,252,000 after acquiring an additional 454 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Arch Capital Group in the third quarter worth about $312,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group lowered their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada reduced their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, Jefferies Financial Group upped their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, April 11th. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $114.88.

Arch Capital Group Stock Up 0.2 %

NASDAQ ACGL traded up $0.21 during midday trading on Friday, hitting $92.59. 1,414,329 shares of the company traded hands, compared to its average volume of 1,738,199. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company's 50-day simple moving average is $91.55 and its 200-day simple moving average is $95.93. 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 company has a market cap of $34.79 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data 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 period in the previous year, the business posted $2.45 earnings per share. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company's 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 transaction, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.20% of the company's stock.

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.