Skandinaviska Enskilda Banken AB publ Reduces Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Skandinaviska Enskilda Banken AB publ decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,102 shares of the insurance provider's stock after selling 106,770 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Arch Capital Group worth $19,945,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Erste Asset Management GmbH lifted its stake in Arch Capital Group by 6.1% in the fourth quarter. Erste Asset Management GmbH now owns 780,722 shares of the insurance provider's stock valued at $71,984,000 after purchasing an additional 44,692 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in Arch Capital Group by 7.6% in the fourth quarter. Achmea Investment Management B.V. now owns 34,161 shares of the insurance provider's stock valued at $3,155,000 after purchasing an additional 2,424 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Arch Capital Group by 4.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,970 shares of the insurance provider's stock valued at $2,121,000 after purchasing an additional 1,036 shares during the last quarter. Egerton Capital UK LLP lifted its stake in Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock valued at $368,289,000 after purchasing an additional 816,750 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in Arch Capital Group by 79.7% in the fourth quarter. Great Lakes Advisors LLC now owns 6,932 shares of the insurance provider's stock valued at $640,000 after purchasing an additional 3,075 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

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Arch Capital Group Price Performance

ACGL traded down $1.98 during trading on Tuesday, reaching $93.30. The stock had a trading volume of 1,481,895 shares, compared to its average volume of 1,655,692. The stock has a market cap of $35.02 billion, a PE ratio of 8.33, a PEG ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The business has a 50-day moving average of $91.92 and a 200-day moving average of $99.23.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results 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 previous year, the firm earned $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ACGL shares. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Finally, Barclays lowered their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.