Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 413,002 shares of the insurance provider’s stock after selling 83,816 shares during the period. Clearbridge Investments LLC’s holdings in Arch Capital Group were worth $38,141,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ACGL. Norges Bank purchased a new position in Arch Capital Group during the fourth quarter worth approximately $437,291,000. Madison Investment Advisors LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth $410,010,000. Swedbank AB raised its position in shares of Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after buying an additional 919,793 shares during the period. Egerton Capital UK LLP boosted its holdings in Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock valued at $368,289,000 after acquiring an additional 816,750 shares during the last quarter. Finally, High Ground Investment Management LLP grew its position in Arch Capital Group by 246.3% during the fourth quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider’s stock valued at $102,367,000 after acquiring an additional 788,393 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

ACGL opened at $96.14 on Wednesday. The company has a market capitalization of $36.12 billion, a P/E ratio of 8.58, a PEG ratio of 2.31 and a beta of 0.62. The company has a 50-day moving average of $92.19 and a 200-day moving average of $97.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ACGL has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped 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 research report on Friday, January 3rd. UBS Group reduced their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. 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 report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Company 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.