Securian Asset Management Inc. Sells 562 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Securian Asset Management Inc. decreased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 20,138 shares of the insurance provider’s stock after selling 562 shares during the quarter. Securian Asset Management Inc.’s holdings in Arch Capital Group were worth $1,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after acquiring an additional 337,786 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Arch Capital Group by 5.4% in the 3rd quarter. Atria Investments Inc now owns 31,883 shares of the insurance provider’s stock valued at $3,567,000 after purchasing an additional 1,624 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Arch Capital Group during the third quarter valued at approximately $50,000. Apollon Wealth Management LLC grew its stake in Arch Capital Group by 31.0% in the third quarter. Apollon Wealth Management LLC now owns 6,105 shares of the insurance provider’s stock worth $683,000 after purchasing an additional 1,443 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Arch Capital Group by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,002,798 shares of the insurance provider’s stock worth $112,193,000 after purchasing an additional 10,817 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. UBS Group dropped their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $90.41 on Friday. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The stock has a 50-day moving average of $91.83 and a 200 day moving average of $99.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The company has a market capitalization of $33.94 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the firm earned $2.45 earnings per share. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.

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.