First American Trust FSB Sells 73,509 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

First American Trust FSB lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 96.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,468 shares of the insurance provider’s stock after selling 73,509 shares during the quarter. First American Trust FSB’s holdings in Arch Capital Group were worth $237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ACGL. Advisory Services Network LLC purchased a new stake in Arch Capital Group during the 4th quarter valued at $537,000. Raymond James Financial Inc. purchased a new stake in Arch Capital Group during the 4th quarter valued at $41,876,000. Sterling Capital Management LLC boosted its position in Arch Capital Group by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 21,493 shares of the insurance provider’s stock valued at $1,985,000 after buying an additional 7,665 shares during the period. Townsquare Capital LLC boosted its position in Arch Capital Group by 72.2% during the 4th quarter. Townsquare Capital LLC now owns 13,719 shares of the insurance provider’s stock valued at $1,267,000 after buying an additional 5,750 shares during the period. Finally, Optimize Financial Inc purchased a new stake in Arch Capital Group during the 4th quarter valued at $280,000. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ACGL. Wells Fargo & Company dropped their price target on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. JMP Securities reissued a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. UBS Group reaffirmed a “buy” rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the stock an “overweight” rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group cut shares of Arch Capital Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.07.

Arch Capital Group Trading Down 0.0%

Shares of NASDAQ ACGL opened at $88.83 on Monday. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The stock has a market cap of $33.15 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 5.47 and a beta of 0.49. The firm has a 50-day moving average of $89.84 and a 200 day moving average of $91.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the company posted $2.57 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer directly owned 274,681 shares in the company, valued at approximately $25,979,328.98. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

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.