Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 10.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,820 shares of the insurance provider's stock after selling 10,770 shares during the period. AustralianSuper Pty Ltd's holdings in Arch Capital Group were worth $9,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock worth $3,776,996,000 after buying an additional 104,008 shares during the last quarter. Capital World Investors raised its stake in shares of Arch Capital Group by 0.6% in the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider's stock valued at $788,086,000 after acquiring an additional 58,862 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 11.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider's stock worth $628,614,000 after purchasing an additional 693,608 shares during the last quarter. Davis Asset Management L.P. boosted its position in shares of Arch Capital Group by 441.7% in the fourth quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider's stock valued at $482,755,000 after acquiring an additional 5,300,000 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider's stock worth $546,054,000 after purchasing an additional 99,329 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Trading Up 1.1 %

Shares of Arch Capital Group stock traded up $1.19 during trading on Tuesday, reaching $110.68. 1,446,714 shares of the company were exchanged, compared to its average volume of 1,631,123. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $110.81. The business has a 50-day moving average price of $99.41 and a 200-day moving average price of $95.58. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $41.56 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.86 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. Arch Capital Group's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Roth Mkm increased their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday. Wells Fargo & Company dropped their price target on Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 31st. Finally, JMP Securities upped their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.50.

Arch Capital Group Company 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.

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