Rockefeller Capital Management L.P. Has $7.99 Million Stock Position in Arch Capital Group Ltd. $ACGL

Rockefeller Capital Management L.P. lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 36.6% during the fourth quarter, HoldingsChannel reports. The firm owned 83,341 shares of the insurance provider’s stock after selling 48,065 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Arch Capital Group were worth $7,994,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. World Investment Advisors raised its position in Arch Capital Group by 19.8% during the fourth quarter. World Investment Advisors now owns 6,930 shares of the insurance provider’s stock worth $665,000 after acquiring an additional 1,145 shares in the last quarter. Meadowbrook Advisors Group LLC bought a new position in shares of Arch Capital Group in the 4th quarter valued at about $1,319,000. Hsbc Holdings PLC increased its stake in shares of Arch Capital Group by 4.8% during the 4th quarter. Hsbc Holdings PLC now owns 389,698 shares of the insurance provider’s stock worth $37,551,000 after purchasing an additional 17,832 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $207,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Arch Capital Group by 95.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,701 shares of the insurance provider’s stock valued at $163,000 after purchasing an additional 830 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $94.33 on Friday. The firm has a 50-day moving average of $93.65 and a 200-day moving average of $95.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $32.96 billion, a PE ratio of 7.25, a P/E/G ratio of 4.75 and a beta of 0.32. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Barclays boosted their price target on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Citigroup raised their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $106.81.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.30% of the company’s stock.

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.