Envestnet Asset Management Inc. Lowers Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Envestnet Asset Management Inc. reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,020,784 shares of the insurance provider's stock after selling 368,725 shares during the period. Envestnet Asset Management Inc. owned 0.54% of Arch Capital Group worth $186,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Quantbot Technologies LP bought a new stake in Arch Capital Group in the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter worth $42,000. Y.D. More Investments Ltd raised its stake in 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 purchasing an additional 260 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Up 1.7 %

ACGL stock traded up $1.55 during trading on Friday, hitting $92.13. The company had a trading volume of 1,928,388 shares, compared to its average volume of 1,738,633. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a 50 day simple moving average of $91.52 and a 200-day simple moving average of $96.51. The firm has a market capitalization of $34.61 billion, a P/E ratio of 8.23, a PEG ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued 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 period in the prior year, the company posted $2.45 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on ACGL shares. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday. UBS Group decreased their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $114.88.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is owned by insiders.

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.