Tredje AP fonden Lowers Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Tredje AP fonden reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,066 shares of the insurance provider's stock after selling 29,065 shares during the period. Tredje AP fonden's holdings in Arch Capital Group were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ACGL. Avantax Advisory Services Inc. lifted its position in Arch Capital Group by 4.7% during 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 in the last quarter. Egerton Capital UK LLP lifted its position in Arch Capital Group by 25.8% during 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 in the last quarter. Great Lakes Advisors LLC lifted its position in Arch Capital Group by 79.7% during 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 in the last quarter. Sequoia Financial Advisors LLC lifted its position in Arch Capital Group by 2.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 23,326 shares of the insurance provider's stock valued at $2,154,000 after purchasing an additional 466 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in Arch Capital Group by 21.9% during the fourth quarter. Moors & Cabot Inc. now owns 2,705 shares of the insurance provider's stock valued at $250,000 after purchasing an additional 486 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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Arch Capital Group Trading Down 2.1 %

Shares of NASDAQ:ACGL traded down $1.98 during trading hours on Tuesday, hitting $93.30. 1,481,895 shares of the company's stock traded hands, compared to its average volume of 1,655,692. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The business has a fifty day moving average price of $91.92 and a 200-day moving average price of $99.23. The firm has a market capitalization of $35.02 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $2.45 earnings per share. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

ACGL has been the topic of several analyst reports. Barclays lowered their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. UBS Group lowered their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada decreased their price target 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. Finally, Wells Fargo & Company decreased their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" 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 issued a buy rating to the company's stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $117.19.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by company insiders.

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.