Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Fmr LLC

FMR LLC lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,751,986 shares of the insurance provider's stock after selling 1,184,954 shares during the period. FMR LLC owned 0.47% of Arch Capital Group worth $161,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $437,291,000. Madison Investment Advisors LLC acquired a new position in Arch Capital Group during the fourth quarter worth $410,010,000. Swedbank AB boosted its position in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after buying an additional 919,793 shares during the period. Egerton Capital UK LLP grew its stake in shares of Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock valued at $368,289,000 after buying an additional 816,750 shares in the last quarter. Finally, High Ground Investment Management LLP raised its holdings in shares of Arch Capital Group by 246.3% in the 4th quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider's stock valued at $102,367,000 after buying an additional 788,393 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

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Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ACGL. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Barclays dropped their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Jefferies Financial Group upped their price target on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.88.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $0.41 on Tuesday, hitting $92.46. The stock had a trading volume of 1,258,511 shares, compared to its average volume of 1,735,557. The stock has a market cap of $34.74 billion, a price-to-earnings ratio of 8.26, a P/E/G 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 Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company's 50 day moving average price is $91.49 and its 200 day moving average price is $96.23.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the company earned $2.45 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS 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.