Royal London Asset Management Ltd. Sells 7,711 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Royal London Asset Management Ltd. reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,979 shares of the insurance provider's stock after selling 7,711 shares during the period. Royal London Asset Management Ltd. owned approximately 0.06% of Arch Capital Group worth $24,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ACGL. UMB Bank n.a. bought a new position in shares of Arch Capital Group during the second quarter worth approximately $30,000. Baldwin Brothers LLC MA raised its holdings in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at $35,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth $40,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Arch Capital Group in the fourth quarter worth $33,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Up 0.5 %

NASDAQ ACGL traded up $0.51 during mid-day trading on Thursday, hitting $110.26. The company's stock had a trading volume of 1,198,261 shares, compared to its average volume of 1,619,481. The firm has a market capitalization of $41.40 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 2.00 and a beta of 0.59. The company's 50 day simple moving average is $102.05 and its 200 day simple moving average is $97.74. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.65.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the firm posted $1.92 EPS. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACGL. Citigroup increased their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price 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. Roth Mkm raised their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Finally, Bank of America lowered their price target on Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.93.

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.