Vanguard Group Inc. Sells 101,337 Shares of Arch Capital Group Ltd. $ACGL

Vanguard Group Inc. lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,313,220 shares of the insurance provider’s stock after selling 101,337 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Arch Capital Group worth $3,839,078,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its holdings in Arch Capital Group by 426.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 311 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Arch Capital Group during the third quarter valued at approximately $37,000. Richardson Financial Services Inc. boosted its position in shares of Arch Capital Group by 63.3% during the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after buying an additional 162 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Arch Capital Group by 3,450.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after buying an additional 112 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Barclays set a $104.00 target price on shares of Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Citigroup reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $113.00) on shares of Arch Capital Group in a research note on Friday. Mizuho lifted their price objective on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, Royal Bank Of Canada upped their target price on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $109.20.

Arch Capital Group Stock Up 0.5%

NASDAQ:ACGL opened at $98.88 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The company has a 50-day moving average of $95.42 and a 200 day moving average of $92.13. The firm has a market cap of $35.86 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 3.94 and a beta of 0.42.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm posted $2.26 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the transaction, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 268,096 shares of company stock valued at $25,287,645 over the last ninety days. 4.10% of the stock is owned by company insiders.

Arch Capital Group 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.