Barclays PLC Sells 189,063 Shares of Arch Capital Group Ltd. $ACGL

Barclays PLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,309,600 shares of the insurance provider’s stock after selling 189,063 shares during the quarter. Barclays PLC’s holdings in Arch Capital Group were worth $125,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Arch Capital Group

In related news, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the acquisition, 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 available through the SEC website. 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. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of a number of recent research reports. Mizuho dropped their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley set a $105.00 price target on Arch Capital Group in a research report on Friday, May 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Barclays upped their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.81.

Arch Capital Group Stock Performance

Shares of ACGL opened at $91.50 on Tuesday. The stock’s 50-day simple moving average is $94.35 and its 200 day simple moving average is $95.01. The stock has a market capitalization of $31.97 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 4.58 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 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 data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Research analysts forecast that Arch Capital Group Ltd. will post 9.3 EPS 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.