Artisan Partners Limited Partnership Sells 390,406 Shares of Arch Capital Group Ltd. $ACGL

Artisan Partners Limited Partnership decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,247,700 shares of the insurance provider’s stock after selling 390,406 shares during the quarter. Arch Capital Group makes up approximately 3.3% of Artisan Partners Limited Partnership’s holdings, making the stock its largest holding. Artisan Partners Limited Partnership owned 0.06% of Arch Capital Group worth $2,229,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $27,000. WealthCollab LLC raised its position in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at $28,000. Aventura Private Wealth LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $30,000. Finally, Grove Bank & Trust bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $30,000. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ACGL. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. UBS Group reiterated a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. Mizuho decreased their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $106.81.

Arch Capital Group Price Performance

ACGL stock opened at $92.58 on Wednesday. The stock has a 50-day moving average price of $94.26 and a two-hundred day moving average price of $95.00. The stock has a market cap of $32.35 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 4.58 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.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The firm 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%. Equities analysts forecast that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of the 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. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by corporate 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.