111 Capital Has $260,000 Stake in Arch Capital Group Ltd. $ACGL

111 Capital trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 73.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,707 shares of the insurance provider’s stock after selling 7,484 shares during the quarter. 111 Capital’s holdings in Arch Capital Group were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACGL. JPMorgan Chase & Co. increased its holdings in Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after purchasing an additional 360,626 shares during the period. Norges Bank bought a new stake in shares of Arch Capital Group in the 4th quarter valued at about $463,208,000. Goldman Sachs Group Inc. increased its stake in shares of Arch Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after buying an additional 160,326 shares during the period. Legal & General Group Plc increased its stake in shares of Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after buying an additional 121,090 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after acquiring an additional 2,279,147 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ACGL shares. Morgan Stanley set a $105.00 price objective on shares of Arch Capital Group in a research note on Friday, May 1st. Barclays lifted their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. UBS Group reissued a “buy” rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $106.32.

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of Arch Capital Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares in the company, valued at $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 35,837 shares of company stock worth $2,825,926. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $91.19 on Monday. The firm has a market capitalization of $31.86 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 5.01 and a beta of 0.32. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The firm’s fifty day moving average price is $94.86 and its two-hundred day moving average price is $95.06.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. On average, equities research analysts predict that Arch Capital Group Ltd. will post 9.29 earnings per share for the current fiscal year.

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.