Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stake in Arch Capital Group Ltd. $ACGL

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 184,450 shares of the insurance provider’s stock after selling 39,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Arch Capital Group were worth $17,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACGL. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at about $27,000. WealthCollab LLC lifted 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 buying an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter valued at about $28,000. Grove Bank & Trust purchased a new position in shares of Arch Capital Group during the 4th quarter valued at about $30,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at about $30,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of analyst reports. Barclays lifted their price objective on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada lifted their price objective on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Citigroup lifted their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $106.32.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $91.19 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The stock’s 50 day simple moving average is $94.86 and its two-hundred day simple moving average is $95.04. The company has a market cap of $31.86 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 5.01 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion for the quarter. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 9.29 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston acquired 5,300 shares of Arch Capital Group stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director directly owned 9,915 shares in the company, 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 hyperlink. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 35,837 shares of company stock worth $2,825,926. 3.30% of the stock is owned by insiders.

Arch Capital Group Company Profile

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.