Thompson Siegel & Walmsley LLC Sells 264,926 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Thompson Siegel & Walmsley LLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 41.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 371,119 shares of the insurance provider's stock after selling 264,926 shares during the period. Thompson Siegel & Walmsley LLC owned 0.10% of Arch Capital Group worth $37,442,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. UMB Bank n.a. bought a new stake in shares of Arch Capital Group during the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA grew its holdings in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the second quarter valued at approximately $35,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group in the first quarter worth $40,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of Arch Capital Group during the 4th quarter worth $33,000. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ACGL. Bank of America dropped their target price on shares of Arch Capital Group from $119.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, July 11th. JMP Securities lifted their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 31st. Barclays began coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Finally, Evercore ISI increased their target price on Arch Capital Group from $100.00 to $104.00 and gave the stock an "in-line" rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $110.93.

Arch Capital Group Stock Performance

Shares of ACGL traded up $1.76 during mid-day trading on Friday, hitting $112.02. 1,487,097 shares of the company's stock were exchanged, compared to its average volume of 1,618,735. The stock's 50-day simple moving average is $102.58 and its 200-day simple moving average is $98.14. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $114.65. 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 cap of $42.06 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60.

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

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.20% of the company's stock.

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.