Cwm LLC Sells 18,657 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Cwm LLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 285,254 shares of the insurance provider’s stock after selling 18,657 shares during the quarter. Cwm LLC’s holdings in Arch Capital Group were worth $21,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ACGL. WCM Investment Management LLC acquired a new position in Arch Capital Group during the 1st quarter valued at about $866,650,000. Norges Bank purchased a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $207,242,000. Morgan Stanley lifted its position in Arch Capital Group by 116.3% during the fourth quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider’s stock worth $225,079,000 after buying an additional 1,927,830 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Arch Capital Group by 112.4% during the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after buying an additional 1,387,072 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Arch Capital Group by 49.0% during the second quarter. Goldman Sachs Group Inc. now owns 3,859,630 shares of the insurance provider’s stock worth $288,893,000 after buying an additional 1,269,730 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,689 shares of company stock worth $11,872,217. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ACGL. Royal Bank of Canada reissued an “outperform” rating and set a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a research note on Monday, April 15th. Morgan Stanley lifted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Evercore ISI lifted their target price 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. Finally, Wells Fargo & Company lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.23.

Check Out Our Latest Stock Report on Arch Capital Group

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $92.93 on Monday. The stock has a market capitalization of $34.86 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $95.01. The stock’s 50-day moving average price is $89.55 and its 200 day moving average price is $84.05. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the previous year, the firm posted $2.14 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Arch Capital Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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