Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 78.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,459 shares of the insurance provider's stock after selling 30,097 shares during the quarter. ExodusPoint Capital Management LP's holdings in Arch Capital Group were worth $781,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ACGL. Vanguard Group Inc. lifted its holdings in Arch Capital Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock worth $3,878,663,000 after buying an additional 182,150 shares during the period. Geode Capital Management LLC boosted its holdings in Arch Capital Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after acquiring an additional 180,493 shares in the last quarter. Principal Financial Group Inc. raised 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 worth $759,324,000 after purchasing an additional 783,506 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of 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 purchasing an additional 226,617 shares during the period. Finally, Norges Bank bought a new stake in shares of Arch Capital Group during the 4th quarter valued at about $437,291,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction on 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods decreased their target price 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. Wells Fargo & Company cut their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group increased their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.88.

Arch Capital Group Stock Down 0.3 %

Shares of ACGL traded down $0.28 during trading hours on Tuesday, hitting $92.59. The company had a trading volume of 611,005 shares, compared to its average volume of 1,733,260. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company's fifty day moving average price is $91.52 and its two-hundred day moving average price is $96.26. The company has a market capitalization 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. 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 quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 previous year, the company posted $2.45 EPS. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group 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.