Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,012,130 shares of the insurance provider's stock after selling 336,087 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.54% of Arch Capital Group worth $203,004,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in shares of Arch Capital Group by 19.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider's stock valued at $6,621,000 after purchasing an additional 14,233 shares in the last quarter. Gladstone Capital Management LLP raised its stake in Arch Capital Group by 52.8% during the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider's stock valued at $102,887,000 after buying an additional 478,570 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider's stock worth $237,017,000 after buying an additional 1,216,080 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Arch Capital Group by 5.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider's stock valued at $39,851,000 after acquiring an additional 21,332 shares during the last quarter. Finally, Alaska Permanent Fund Corp raised its position in shares of Arch Capital Group by 42.2% during the 1st quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider's stock valued at $5,045,000 after acquiring an additional 16,208 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACGL shares. Barclays assumed coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Bank of America cut 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 upped their target price on Arch Capital Group from $110.00 to $115.00 and gave the company a "market outperform" rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada raised their price target on Arch Capital Group from $108.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.93.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $2.20 during midday trading on Monday, reaching $114.22. 996,935 shares of the company traded hands, compared to its average volume of 1,615,242. The company has a market cap of $42.95 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 2.00 and a beta of 0.60. The stock has a 50-day moving average price of $102.90 and a 200 day moving average price of $98.33. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $114.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60.

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

Insiders Place Their Bets

In other 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 sale, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.

About Arch Capital Group

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.