Cerity Partners LLC Acquires 495 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Cerity Partners LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,027 shares of the insurance provider’s stock after acquiring an additional 495 shares during the period. Cerity Partners LLC’s holdings in Arch Capital Group were worth $1,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACGL. WCM Investment Management LLC bought a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $866,650,000. Norges Bank bought a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $207,242,000. Morgan Stanley increased its holdings in Arch Capital Group by 116.3% during the 4th quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider’s stock worth $225,079,000 after purchasing an additional 1,927,830 shares during the period. Envestnet Asset Management Inc. increased its holdings in Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after purchasing an additional 1,387,072 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Arch Capital Group by 49.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,859,630 shares of the insurance provider’s stock worth $288,893,000 after purchasing an additional 1,269,730 shares during the period. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock worth $11,872,217 in the last ninety days. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Up 1.7 %

Shares of ACGL stock opened at $92.93 on Friday. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The stock’s fifty day moving average price is $89.55 and its 200 day moving average price is $83.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $34.86 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the business earned $2.14 EPS. On average, research analysts expect that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the topic of several research reports. UBS Group reduced their price objective on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. TD Cowen initiated coverage on Arch Capital Group in a report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price objective on the stock. Citigroup reduced their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Evercore ISI lifted their price target on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.23.

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.