Generali Asset Management SPA SGR Reduces Position in Arch Capital Group Ltd. $ACGL

Generali Asset Management SPA SGR reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 43.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,433 shares of the insurance provider’s stock after selling 12,431 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Arch Capital Group were worth $1,491,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ACGL. Mather Group LLC. acquired a new position in Arch Capital Group in the 3rd quarter valued at about $186,000. Diversified Trust Co grew its holdings in shares of Arch Capital Group by 24.6% during the third quarter. Diversified Trust Co now owns 9,823 shares of the insurance provider’s stock worth $891,000 after buying an additional 1,940 shares in the last quarter. HM Payson & Co. grew its holdings in shares of Arch Capital Group by 10.4% during the third quarter. HM Payson & Co. now owns 10,650 shares of the insurance provider’s stock worth $966,000 after buying an additional 1,000 shares in the last quarter. Polianta Ltd acquired a new position in shares of Arch Capital Group in the third quarter valued at approximately $1,451,000. Finally, CWM LLC lifted its stake in shares of Arch Capital Group by 1.4% during the third quarter. CWM LLC now owns 257,598 shares of the insurance provider’s stock valued at $23,372,000 after buying an additional 3,499 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the transaction, the insider owned 351,356 shares in the company, valued at $32,992,328.40. The trade was a 36.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 220,666 shares of company stock worth $20,728,673 in the last 90 days. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

ACGL stock opened at $93.86 on Monday. The stock has a 50-day moving average price of $92.33 and a two-hundred day moving average price of $90.68. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $97.60. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a market cap of $34.04 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 2.12 and a beta of 0.45.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period last year, the business posted $1.99 EPS. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Roth Capital set a $110.00 target price on shares of Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald restated a “neutral” rating and set a $98.00 price objective on shares of Arch Capital Group in a report on Tuesday, October 28th. Wolfe Research started coverage on Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the stock an “outperform” rating in a research note on Monday, November 24th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and a consensus price target of $106.00.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.