Capital International Investors Sells 22,211 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Capital International Investors lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,855,977 shares of the insurance provider’s stock after selling 22,211 shares during the period. Capital International Investors’ holdings in Arch Capital Group were worth $448,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group during the 4th quarter valued at approximately $42,000. Y.D. More Investments Ltd lifted its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the period. UMB Bank n.a. grew its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Arch Capital Group by 47.0% during the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock valued at $84,000 after buying an additional 291 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ACGL shares. Royal Bank of Canada cut 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 report on Wednesday, February 12th. Morgan Stanley cut their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Keefe, Bruyette & Woods decreased their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays reduced their price target 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. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently 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. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a market cap of $34.79 billion, a P/E ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.36. The stock’s fifty day moving average price is $91.55 and its 200-day moving average price is $95.93.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm posted $2.45 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value 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 $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Company 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.