Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Xponance Inc.

Xponance Inc. decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 10.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 70,567 shares of the insurance provider’s stock after selling 8,105 shares during the period. Xponance Inc.’s holdings in Arch Capital Group were worth $5,241,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. increased its position in shares of Arch Capital Group by 106.0% in the fourth quarter. Federated Hermes Inc. now owns 253,262 shares of the insurance provider’s stock worth $18,810,000 after acquiring an additional 130,342 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Arch Capital Group by 6.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 33,561 shares of the insurance provider’s stock worth $2,492,000 after purchasing an additional 2,095 shares in the last quarter. Steph & Co. boosted its position in Arch Capital Group by 5.7% in the 4th quarter. Steph & Co. now owns 4,488 shares of the insurance provider’s stock valued at $333,000 after buying an additional 241 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Arch Capital Group in the 4th quarter valued at about $3,748,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Arch Capital Group by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,526 shares of the insurance provider’s stock valued at $12,739,000 after acquiring an additional 1,898 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group decreased their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. Evercore ISI raised their price objective on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. Morgan Stanley increased their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.23.

Check Out Our Latest Stock Analysis on ACGL

Insider Buying and Selling

In other news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last three months. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Stock Performance

Shares of ACGL opened at $92.93 on Friday. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $95.01. The stock has a market capitalization of $34.86 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.16 and a beta of 0.57. The firm’s 50 day moving average is $89.55 and its 200-day moving average is $84.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Arch Capital Group Company Profile

(Free Report)

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.

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

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