General American Investors Co. Inc. Has $50.89 Million Holdings in Arch Capital Group Ltd. $ACGL

General American Investors Co. Inc. reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530,200 shares of the insurance provider’s stock after selling 69,800 shares during the period. Arch Capital Group makes up about 3.3% of General American Investors Co. Inc.’s investment portfolio, making the stock its 9th largest position. General American Investors Co. Inc.’s holdings in Arch Capital Group were worth $50,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Legal & General Group Plc increased its holdings in shares of Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after buying an additional 121,090 shares in the last quarter. National Pension Service boosted its stake in shares of Arch Capital Group by 8.5% during the 4th quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock worth $65,539,000 after acquiring an additional 53,661 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Arch Capital Group by 10.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock worth $18,024,000 after acquiring an additional 17,923 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Arch Capital Group by 50.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,548,042 shares of the insurance provider’s stock worth $148,488,000 after acquiring an additional 518,527 shares during the last quarter. Finally, Marshfield Associates raised its position in shares of Arch Capital Group by 5.5% during the third quarter. Marshfield Associates now owns 2,724,635 shares of the insurance provider’s stock worth $247,206,000 after purchasing an additional 141,223 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup lifted their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday. Mizuho upped their price target on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays raised their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $108.12.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the transaction, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Down 0.6%

NASDAQ:ACGL traded down $0.64 during trading hours on Friday, hitting $101.06. 1,285,042 shares of the company’s stock traded hands, compared to its average volume of 1,953,738. The stock’s fifty day moving average price is $94.44 and its two-hundred day moving average price is $95.49. The firm has a market cap of $35.31 billion, a P/E ratio of 7.76, a P/E/G ratio of 5.06 and a beta of 0.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. On average, research analysts expect that Arch Capital Group Ltd. will post 9.34 earnings per share for the current fiscal year.

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.