Arch Capital Group Ltd. $ACGL Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,516 shares of the insurance provider’s stock after selling 7,369 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Arch Capital Group were worth $3,119,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. WealthCollab LLC increased its position in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $28,000. Aventura Private Wealth LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $30,000. Grove Bank & Trust purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC grew its stake in Arch Capital Group by 426.0% in the 3rd 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 during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $95.99 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The firm has a market capitalization of $34.20 billion, a PE ratio of 8.26, a P/E/G ratio of 3.90 and a beta of 0.40. The business’s 50 day moving average price is $96.42 and its 200-day moving average price is $93.23.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.34 by $0.64. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the prior year, the company earned $2.26 EPS. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $34,220. This trade represents a 60.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Maamoun Rajeh sold 47,430 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 433,589 shares in the company, valued at $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 78,267 shares of company stock worth $7,291,637 over the last three months. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Roth Mkm set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Wells Fargo & Company lifted their target price on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Mizuho boosted their target price on shares of Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Citigroup restated a “buy” rating and set a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th. Nine equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.