Strid Group LLC Cuts Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Strid Group LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,781 shares of the insurance provider’s stock after selling 949 shares during the period. Arch Capital Group accounts for about 0.2% of Strid Group LLC’s portfolio, making the stock its 18th largest position. Strid Group LLC’s holdings in Arch Capital Group were worth $763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC grew its position in shares of Arch Capital Group by 0.9% in the 2nd quarter. HighTower Advisors LLC now owns 60,193 shares of the insurance provider’s stock worth $2,234,000 after buying an additional 552 shares during the last quarter. US Bancorp DE grew its position in shares of Arch Capital Group by 6.2% in the 2nd quarter. US Bancorp DE now owns 40,761 shares of the insurance provider’s stock worth $1,512,000 after buying an additional 2,391 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Arch Capital Group by 9.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 214,707 shares of the insurance provider’s stock worth $7,960,000 after buying an additional 18,613 shares during the last quarter. AMP Capital Investors Ltd grew its position in shares of Arch Capital Group by 21.2% in the 2nd quarter. AMP Capital Investors Ltd now owns 135,307 shares of the insurance provider’s stock worth $4,897,000 after buying an additional 23,633 shares during the last quarter. Finally, Ellington Management Group LLC purchased a new position in shares of Arch Capital Group in the 2nd quarter worth approximately $304,000. 79.44% of the stock is currently owned by institutional investors and hedge funds.

ACGL stock traded up $0.54 during trading on Friday, reaching $45.10. The company had a trading volume of 9,909 shares, compared to its average volume of 1,155,676. The firm has a 50-day simple moving average of $42.43 and a 200-day simple moving average of $40.68. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 0.69. Arch Capital Group Ltd. has a twelve month low of $27.75 and a twelve month high of $44.59.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, October 29th. The insurance provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Arch Capital Group had a net margin of 21.97% and a return on equity of 10.31%. During the same period last year, the business earned $0.53 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 2.74 earnings per share for the current year.

In other Arch Capital Group news, Director John D. Vollaro sold 9,900 shares of Arch Capital Group stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $41.02, for a total transaction of $406,098.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 25,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $41.60, for a total transaction of $1,040,000.00. Following the sale, the chief executive officer now owns 302,517 shares of the company’s stock, valued at $12,584,707.20. The disclosure for this sale can be found here. Insiders sold a total of 48,349 shares of company stock valued at $1,995,338 over the last quarter. 5.20% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Arch Capital Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $44.00 to $40.00 in a research report on Tuesday, November 12th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Wells Fargo & Co raised shares of Arch Capital Group from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research report on Monday, January 6th. Barclays reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Arch Capital Group in a research report on Tuesday, January 7th. Finally, MKM Partners lifted their target price on shares of Arch Capital Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $42.04.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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