Capital Group Private Client Services Inc. Trims Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Capital Group Private Client Services Inc. trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,557 shares of the insurance provider’s stock after selling 1,729 shares during the period. Capital Group Private Client Services Inc.’s holdings in Arch Capital Group were worth $6,608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after buying an additional 6,663 shares during the period. Pittenger & Anderson Inc. boosted its stake in Arch Capital Group by 56.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new stake in Arch Capital Group during the 4th quarter valued at approximately $366,000. Northstar Group Inc. raised its position in shares of Arch Capital Group by 5.1% during the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock valued at $11,285,000 after buying an additional 5,947 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider’s stock worth $57,631,000 after buying an additional 157,197 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred 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 sale, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group reduced their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group raised their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 11th. Barclays reduced their price objective on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.88.

Arch Capital Group Trading Up 0.2 %

Shares of NASDAQ ACGL opened at $92.59 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The company has a market cap of $34.79 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.36. The business’s 50 day moving average price is $91.55 and its 200-day moving average price is $95.93.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the business earned $2.45 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group 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.