MML Investors Services LLC Has $2.82 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

MML Investors Services LLC decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,570 shares of the insurance provider's stock after selling 4,350 shares during the quarter. MML Investors Services LLC's holdings in Arch Capital Group were worth $2,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ACGL. Oregon Public Employees Retirement Fund boosted its position in shares of Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after buying an additional 110 shares during the period. CreativeOne Wealth LLC grew its stake in Arch Capital Group by 4.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after acquiring an additional 126 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after purchasing an additional 127 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock worth $214,000 after purchasing an additional 129 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its position in Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Down 1.5 %

NASDAQ:ACGL opened at $90.68 on Monday. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The stock's 50 day moving average price is $91.85 and its two-hundred day moving average price is $94.97. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 quarter last year, the business posted $2.45 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ACGL has been the topic of several research analyst reports. Royal Bank of Canada lowered their price target 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 target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley reduced their price objective on shares of 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. Wells Fargo & Company reduced their price objective on shares of 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, JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.88.

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.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.