Arch Capital Group Ltd. $ACGL Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.7% in the third quarter, HoldingsChannel reports. The firm owned 191,588 shares of the insurance provider’s stock after selling 7,314 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Arch Capital Group were worth $17,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Cornerstone Planning Group LLC lifted its position in shares of Arch Capital Group by 426.0% in the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 311 shares in the last quarter. Quent Capital LLC purchased a new stake in Arch Capital Group during the 3rd quarter worth about $37,000. Richardson Financial Services Inc. raised its stake in Arch Capital Group by 63.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 162 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 414 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $94.17, for a total value of $828,696.00. Following the transaction, the insider directly owned 289,556 shares of the company’s stock, valued at $27,267,488.52. This represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the transaction, the insider owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 268,096 shares of company stock valued at $25,287,645. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Trading Up 0.5%

NASDAQ ACGL opened at $98.88 on Wednesday. The stock has a market cap of $35.86 billion, a P/E ratio of 8.51, a PEG ratio of 3.94 and a beta of 0.42. The company’s fifty day simple moving average is $95.42 and its 200-day simple moving average is $92.13. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the firm posted $2.26 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ACGL shares. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Mizuho increased their price target on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Roth Mkm set a $110.00 price objective on Arch Capital Group and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Finally, Evercore set a $100.00 price target on Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $109.20.

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.