Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stake in Arch Capital Group Ltd. $ACGL

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,450 shares of the insurance provider’s stock after selling 39,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.05% of Arch Capital Group worth $17,692,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new stake in Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC lifted its stake in 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 acquiring an additional 238 shares during the period. JPL Wealth Management LLC purchased a new stake in Arch Capital Group in the third quarter worth $28,000. Grove Bank & Trust purchased a new stake in Arch Capital Group in the fourth quarter worth $30,000. Finally, Aventura Private Wealth LLC purchased a new stake in Arch Capital Group in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston bought 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the sale, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 35,837 shares of company stock valued at $2,825,926. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ACGL. Barclays increased their price objective on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wells Fargo & Company increased their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Finally, Mizuho decreased their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.32.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $91.19 on Friday. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The stock has a 50-day moving average of $94.86 and a 200 day moving average of $95.04. The company has a market capitalization of $31.86 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 5.01 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The company 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, sell-side analysts forecast that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

About Arch Capital Group

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.