Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,529,451 shares of the insurance provider's stock after selling 1,324,224 shares during the period. Wellington Management Group LLP owned about 0.67% of Arch Capital Group worth $233,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ACGL. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the third quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new position in Arch Capital Group in the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter valued at about $42,000. Y.D. More Investments Ltd boosted its position in 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 buying an additional 260 shares during the period. Finally, UMB Bank n.a. grew its stake in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.20% of the company's stock.

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Arch Capital Group Stock Down 8.8 %

Shares of ACGL stock traded down $8.45 during trading hours on Friday, reaching $87.83. 2,687,962 shares of the company's stock were exchanged, compared to its average volume of 1,719,357. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $33.00 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The stock's 50 day moving average is $92.23 and its 200-day moving average is $97.46.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data 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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the company earned $2.45 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACGL. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. 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 report on Wednesday, February 12th. Barclays decreased their price objective on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. dropped 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, Royal Bank of Canada reduced 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $117.19.

About Arch Capital Group

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.