Robeco Institutional Asset Management B.V. Sells 69,861 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Robeco Institutional Asset Management B.V. reduced its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 980,567 shares of the insurance provider's stock after selling 69,861 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.26% of Arch Capital Group worth $109,706,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ACGL. Norden Group LLC acquired a new position in Arch Capital Group in the 1st quarter worth about $431,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Arch Capital Group by 6.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,729 shares of the insurance provider's stock valued at $8,757,000 after acquiring an additional 5,607 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Arch Capital Group by 1.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 90,592 shares of the insurance provider's stock valued at $8,374,000 after acquiring an additional 1,444 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Arch Capital Group by 5.4% during the 1st quarter. Nordea Investment Management AB now owns 27,951 shares of the insurance provider's stock valued at $2,566,000 after acquiring an additional 1,442 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Arch Capital Group by 9.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 36,777 shares of the insurance provider's stock valued at $3,400,000 after acquiring an additional 3,216 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the firm'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 transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

ACGL has been the topic of a number of research analyst reports. 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. Citigroup raised their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Bank of America raised their target price on Arch Capital Group from $119.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on Arch Capital Group from $126.00 to $118.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Evercore ISI raised their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.87.

Arch Capital Group Trading Down 1.1 %

Shares of Arch Capital Group stock traded down $1.02 during trading on Monday, reaching $95.00. 2,277,683 shares of the company were exchanged, compared to its average volume of 1,652,488. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $35.73 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 1.83 and a beta of 0.61. The business has a 50-day moving average price of $110.43 and a 200-day moving average price of $102.87.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $2.31 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.05 EPS for the current fiscal year.

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.