Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,469 shares of the insurance provider’s stock after selling 6,546 shares during the period. Investment Management Corp of Ontario’s holdings in Arch Capital Group were worth $3,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after acquiring an additional 110 shares during the period. CreativeOne Wealth LLC grew its position in Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock valued at $248,000 after purchasing an additional 126 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 129 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 132 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ACGL. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Royal Bank of Canada lowered their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. UBS Group lowered their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s 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 completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares of the company’s stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $94.54 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $92.22 and a 200 day simple moving average of $93.83. The company has a market cap of $35.52 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. Arch Capital Group’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.