Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Decreased by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,317 shares of the insurance provider's stock after selling 6,091 shares during the quarter. Wealthfront Advisers LLC's holdings in Arch Capital Group were worth $3,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after acquiring an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after purchasing an additional 5,614 shares during the period. PNC Financial Services Group Inc. grew its holdings in Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after purchasing an additional 6,521 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after buying an additional 5,345 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction 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. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

ACGL stock traded up $2.71 during midday trading on Monday, reaching $95.28. The company had a trading volume of 2,564,690 shares, compared to its average volume of 1,657,937. The firm has a market capitalization of $35.76 billion, a PE ratio of 8.51, a P/E/G ratio of 2.31 and a beta of 0.62. The stock has a 50 day moving average price of $91.83 and a 200 day moving average price of $99.35. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. 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 (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 quarter last year, the company posted $2.45 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Royal Bank of Canada lowered their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Barclays cut 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. Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped 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 research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $117.19.

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.