UniSuper Management Pty Ltd Sells 23,174 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

UniSuper Management Pty Ltd trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,263 shares of the insurance provider’s stock after selling 23,174 shares during the period. UniSuper Management Pty Ltd’s holdings in Arch Capital Group were worth $3,164,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group during the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd grew its stake in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 260 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACGL. JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. UBS Group dropped their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $95.06 on Friday. The firm’s 50 day moving average price is $92.16 and its two-hundred day moving average price is $98.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The stock has a market cap of $35.68 billion, a PE ratio of 8.49, a PEG ratio of 2.31 and a beta of 0.62.

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

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.