Personal CFO Solutions LLC Trims Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Personal CFO Solutions LLC cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,324 shares of the insurance provider's stock after selling 3,277 shares during the quarter. Personal CFO Solutions LLC's holdings in Arch Capital Group were worth $953,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ACGL. Quantbot Technologies LP bought a new stake in Arch Capital Group during the 3rd quarter valued at about $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its holdings in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Arch Capital Group in the 3rd quarter worth approximately $50,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.63 during trading on Tuesday, hitting $90.09. 431,324 shares of the stock traded hands, compared to its average volume of 1,881,931. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47. The firm has a 50-day simple moving average of $91.94 and a 200-day simple moving average of $99.90. The company has a market capitalization of $33.82 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the firm earned $2.45 EPS. As a group, analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Analyst Ratings Changes

ACGL has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Barclays cut their price target on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Bank of America dropped their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $117.19.

Arch Capital Group 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.