Polar Capital Holdings Plc Sells 50,500 Shares of Arch Capital Group Ltd. $ACGL

Polar Capital Holdings Plc trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,330,000 shares of the insurance provider’s stock after selling 50,500 shares during the period. Arch Capital Group accounts for 1.2% of Polar Capital Holdings Plc’s portfolio, making the stock its 14th largest holding. Polar Capital Holdings Plc’s holdings in Arch Capital Group were worth $319,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $27,000. WealthCollab LLC raised its position in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares during the period. JPL Wealth Management LLC purchased a new position in Arch Capital Group during the third quarter valued at $28,000. Grove Bank & Trust purchased a new position in Arch Capital Group during the fourth quarter valued at $30,000. Finally, Aventura Private Wealth LLC purchased a new position in Arch Capital Group during the fourth quarter valued at $30,000. 89.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was 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 in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACGL. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Barclays raised their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Citigroup raised their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company raised their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $106.81.

Check Out Our Latest Stock Report on Arch Capital Group

Arch Capital Group Stock Performance

ACGL opened at $92.58 on Wednesday. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 7.11, a PEG ratio of 4.58 and a beta of 0.32. The company has a fifty day moving average of $94.26 and a 200 day moving average of $95.00. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The business had revenue of $4.52 billion during the quarter. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

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.

See Also

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGLFree Report).

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

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.