Ossiam Decreases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Ossiam decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 90.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,487 shares of the insurance provider's stock after selling 129,567 shares during the period. Ossiam's holdings in Arch Capital Group were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd raised its holdings in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after acquiring an additional 260 shares during the period. UMB Bank n.a. boosted its holdings in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Arch Capital Group by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACGL. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Jefferies Financial Group boosted their target price on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada cut their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $114.88.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Stock Down 1.5 %

Shares of ACGL stock traded down $1.42 on Friday, reaching $90.68. 1,304,307 shares of the stock were exchanged, compared to its average volume of 1,737,442. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $34.07 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 2.31 and a beta of 0.36. The business's 50 day moving average price is $91.80 and its 200 day moving average price is $95.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the company posted $2.45 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.