Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by American Trust

American Trust lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,174 shares of the insurance provider’s stock after selling 1,591 shares during the period. American Trust’s holdings in Arch Capital Group were worth $825,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC boosted its position in Arch Capital Group by 3.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 9,613 shares of the insurance provider’s stock worth $741,000 after purchasing an additional 296 shares in the last quarter. TD Asset Management Inc grew its stake in Arch Capital Group by 18.2% in the 4th quarter. TD Asset Management Inc now owns 136,811 shares of the insurance provider’s stock valued at $10,161,000 after acquiring an additional 21,081 shares during the period. Scotia Capital Inc. increased its holdings in Arch Capital Group by 37.4% in the 4th quarter. Scotia Capital Inc. now owns 4,604 shares of the insurance provider’s stock worth $342,000 after acquiring an additional 1,254 shares in the last quarter. California State Teachers Retirement System raised its position in Arch Capital Group by 0.3% during the fourth quarter. California State Teachers Retirement System now owns 578,379 shares of the insurance provider’s stock worth $42,956,000 after acquiring an additional 2,001 shares during the period. Finally, KBC Group NV lifted its holdings in Arch Capital Group by 1.8% during the fourth quarter. KBC Group NV now owns 73,700 shares of the insurance provider’s stock valued at $5,473,000 after purchasing an additional 1,274 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. TD Cowen raised their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average target price of $113.73.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Up 1.5 %

Shares of ACGL stock opened at $113.51 on Wednesday. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $114.69. The firm has a market cap of $42.69 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 2.05 and a beta of 0.60. The company has a 50-day moving average of $106.39 and a two-hundred day moving average of $100.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the company posted $1.92 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current 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.