Great Lakes Advisors LLC Decreases Stake in Arch Capital Group Ltd. $ACGL

Great Lakes Advisors LLC lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,092 shares of the insurance provider’s stock after selling 14,228 shares during the quarter. Great Lakes Advisors LLC owned 0.11% of Arch Capital Group worth $38,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ACGL. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC raised its stake 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 worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group in the third quarter worth $28,000. Grove Bank & Trust purchased a new position in shares of Arch Capital Group in the fourth quarter worth $30,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Arch Capital Group in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of research reports. Morgan Stanley set a $105.00 price objective on Arch Capital Group in a research report on Friday, May 1st. Citigroup upped their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Mizuho reduced their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Keefe, Bruyette & Woods reduced 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. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $106.81.

Arch Capital Group Stock Performance

Shares of ACGL opened at $91.13 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $94.53 and a two-hundred day simple moving average of $95.03. The stock has a market cap of $31.84 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 5.02 and a beta of 0.32. 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 issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, analysts expect that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

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.