Wells Fargo & Company MN Has $121.77 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wells Fargo & Company MN lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,318,557 shares of the insurance provider's stock after selling 29,051 shares during the period. Wells Fargo & Company MN owned about 0.35% of Arch Capital Group worth $121,769,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ACGL. Quantbot Technologies LP acquired a new stake in Arch Capital Group in the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the fourth quarter valued at $37,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group during the fourth quarter valued at about $42,000. Y.D. More Investments Ltd lifted its holdings in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the period. Finally, UMB Bank n.a. increased its stake in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after buying an additional 414 shares during the period. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Up 0.8 %

Shares of ACGL traded up $0.71 during midday trading on Friday, reaching $91.29. 595,545 shares of the stock were exchanged, compared to its average volume of 1,731,978. The company has a market cap of $34.30 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 2.31 and a beta of 0.36. The firm has a 50 day simple moving average of $91.53 and a 200-day simple moving average of $96.66. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month 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.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results 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 net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the firm earned $2.45 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm'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 transaction, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ACGL has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday. JMP Securities restated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. UBS Group decreased their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Barclays decreased their price target on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $117.06.

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.