Capital International Investors Sells 22,211 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Capital International Investors cut its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,855,977 shares of the insurance provider's stock after selling 22,211 shares during the quarter. Capital International Investors owned approximately 1.29% of Arch Capital Group worth $448,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the 4th quarter worth $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after buying an additional 260 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Arch Capital Group by 47.0% during the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 291 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by insiders.

Analyst Ratings Changes

ACGL has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Barclays lowered 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 note on Friday, April 11th. Morgan Stanley cut their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Trading Down 0.4 %

Shares of NASDAQ:ACGL traded down $0.35 during trading on Thursday, hitting $92.16. 516,032 shares of the company's stock were exchanged, compared to its average volume of 1,732,135. The firm has a 50-day moving average price of $91.72 and a two-hundred day moving average price of $95.47. 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 $34.63 billion, a P/E ratio of 8.23, a PEG ratio of 2.31 and a beta of 0.36. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

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