Sumitomo Mitsui Trust Holdings Inc. Cuts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Sumitomo Mitsui Trust Holdings Inc. cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,010,982 shares of the insurance provider’s stock after selling 3,405 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Arch Capital Group were worth $75,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc. grew its position in shares of Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 299 shares during the period. Steward Financial Group LLC grew its position in shares of Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 338 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Arch Capital Group during the 2nd quarter valued at approximately $47,000. Finally, CVA Family Office LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $47,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. TD Cowen assumed coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Wells Fargo & Company increased their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.23.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $90.63 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. The firm’s fifty day moving average price is $89.19 and its 200-day moving average price is $83.84. The stock has a market cap of $34.00 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the firm earned $2.14 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

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

Arch Capital Group 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.