WINTON GROUP Ltd Sells 38,620 Shares of Arch Capital Group Ltd. $ACGL

WINTON GROUP Ltd reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 58.5% during the 4th quarter, Holdings Channel reports. The fund owned 27,445 shares of the insurance provider’s stock after selling 38,620 shares during the period. WINTON GROUP Ltd’s holdings in Arch Capital Group were worth $2,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of ACGL. Geneos Wealth Management Inc. raised its holdings in Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Arch Capital Group during the second quarter worth approximately $253,000. CW Advisors LLC increased its holdings in shares of Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 189 shares during the period. Jump Financial LLC bought a new position in shares of Arch Capital Group during the second quarter worth approximately $667,000. Finally, Cerity Partners LLC increased its holdings in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after purchasing an additional 4,933 shares during the period. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ACGL shares. Royal Bank Of Canada raised their target price on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Mizuho lowered their target price on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Barclays raised their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $106.32.

Get Our Latest Stock Analysis on ACGL

Arch Capital Group Price Performance

Shares of ACGL opened at $91.19 on Monday. The firm’s 50 day moving average is $94.86 and its 200-day moving average is $95.06. The stock has a market capitalization of $31.86 billion, a PE ratio of 7.00, a P/E/G ratio of 5.01 and a beta of 0.32. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Insider Activity

In other news, Director Daniel Joseph Houston acquired 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $34,220. This trade represents a 60.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 35,837 shares of company stock valued at $2,825,926. 3.30% of the stock is owned by insiders.

Arch Capital Group Company Profile

(Free Report)

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

Further Reading

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

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