Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,848 shares of the insurance provider's stock after selling 2,873 shares during the period. PNC Financial Services Group Inc.'s holdings in Arch Capital Group were worth $6,358,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group in the 4th quarter valued at $42,000. Y.D. More Investments Ltd raised its stake in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in Arch Capital Group during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACGL. Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. UBS Group lowered their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada lowered their price target 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. Keefe, Bruyette & Woods lowered their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

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Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated 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 directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $2.16 during midday trading on Friday, hitting $92.57. The company's stock had a trading volume of 1,500,416 shares, compared to its average volume of 1,883,044. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The firm's fifty day moving average price is $91.83 and its 200-day moving average price is $99.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market cap of $34.75 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 last year, the firm posted $2.45 earnings per share. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 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.