Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,205 shares of the insurance provider’s stock after selling 6,016 shares during the quarter. Voya Investment Management LLC’s holdings in Arch Capital Group were worth $11,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Oregon Public Employees Retirement Fund raised its position in shares of Arch Capital Group by 0.3% in 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 buying an additional 110 shares during the last quarter. CreativeOne Wealth LLC grew its stake in Arch Capital Group by 4.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock valued at $248,000 after acquiring an additional 126 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock valued at $219,000 after acquiring an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 129 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Arch Capital Group by 4.5% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at $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 available at the SEC website. 4.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACGL. UBS Group cut their price target on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. JMP Securities reiterated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Royal Bank of Canada lowered their price target 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. Barclays cut their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted 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 issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.88.

Arch Capital Group Trading Up 0.6 %

Shares of NASDAQ ACGL opened at $91.19 on Tuesday. The stock has a fifty day simple moving average of $91.90 and a 200-day simple moving average of $94.81. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. 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 stock has a market capitalization of $34.26 billion, a PE ratio of 8.14, a PEG ratio of 2.31 and a beta of 0.36.

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

About Arch Capital Group

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.