Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,452 shares of the insurance provider's stock after selling 38,611 shares during the quarter. Martingale Asset Management L P's holdings in Arch Capital Group were worth $7,614,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group in the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter valued at $42,000. Y.D. More Investments Ltd grew its holdings in Arch Capital Group by 125.6% during the 4th 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 in the last quarter. UMB Bank n.a. increased its stake in 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 last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Arch Capital Group by 47.0% during the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after acquiring an additional 291 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is owned by company insiders.

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Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday. 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. Barclays decreased 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 report on Friday. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.88.

Arch Capital Group Stock Performance

ACGL traded down $0.23 during midday trading on Tuesday, hitting $92.64. 357,527 shares of the company were exchanged, compared to its average volume of 1,732,204. The company's 50 day simple moving average is $91.52 and its 200 day simple moving average is $96.26. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. 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 data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $2.45 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current 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.