Cambiar Investors LLC Has $11.59 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cambiar Investors LLC decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,620 shares of the insurance provider's stock after selling 8,491 shares during the quarter. Cambiar Investors LLC's holdings in Arch Capital Group were worth $11,593,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACGL. State Board of Administration of Florida Retirement System boosted its position in shares of Arch Capital Group by 5.2% during 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 purchasing an additional 21,332 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Arch Capital Group by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider's stock worth $2,106,000 after buying an additional 519 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider's stock valued at $1,266,000 after buying an additional 5,684 shares in the last quarter. Swedbank AB acquired a new stake in shares of Arch Capital Group during the 1st quarter valued at $25,060,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Arch Capital Group by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider's stock worth $97,299,000 after acquiring an additional 7,109 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACGL. Roth Mkm boosted their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Evercore ISI boosted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Barclays initiated 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. Finally, TD Cowen lifted their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus price target of $120.40.

Arch Capital Group Stock Down 2.6 %

NASDAQ ACGL traded down $2.54 on Friday, reaching $96.02. The stock had a trading volume of 4,006,539 shares, compared to its average volume of 1,976,139. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The business has a 50 day moving average price of $110.43 and a 200 day moving average price of $102.70. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $36.11 billion, a price-to-earnings ratio of 6.44, a P/E/G ratio of 1.83 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the business posted $2.31 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 9.05 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction on Friday, August 16th. The shares were 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 of the company's stock, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is currently owned by company 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.