Insight 2811 Inc. Decreases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Insight 2811 Inc. lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,431 shares of the insurance provider’s stock after selling 940 shares during the quarter. Arch Capital Group makes up approximately 0.4% of Insight 2811 Inc.’s portfolio, making the stock its 28th biggest position. Insight 2811 Inc.’s holdings in Arch Capital Group were worth $779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after buying an additional 337,786 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Arch Capital Group by 9.8% during the third quarter. Advisors Asset Management Inc. now owns 9,980 shares of the insurance provider’s stock worth $1,117,000 after purchasing an additional 890 shares during the period. Moors & Cabot Inc. bought a new stake in shares of Arch Capital Group in the third quarter worth about $250,000. Eagle Asset Management Inc. increased its holdings in Arch Capital Group by 2.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 44,222 shares of the insurance provider’s stock valued at $4,504,000 after purchasing an additional 1,128 shares during the period. Finally, Raymond James Trust N.A. raised its position in Arch Capital Group by 12.0% during the 3rd quarter. Raymond James Trust N.A. now owns 6,379 shares of the insurance provider’s stock valued at $714,000 after purchasing an additional 685 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACGL. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Barclays cut their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley decreased their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.19.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Performance

Shares of ACGL opened at $94.01 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a market cap of $35.29 billion, a P/E ratio of 8.39, a P/E/G ratio of 2.31 and a beta of 0.62. The business’s 50 day moving average price is $92.05 and its 200-day moving average price is $98.52. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the business earned $2.45 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.