Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Capital International Inc. CA

Capital International Inc. CA trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,969 shares of the insurance provider’s stock after selling 23,451 shares during the quarter. Capital International Inc. CA’s holdings in Arch Capital Group were worth $13,956,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ACGL. Davis Asset Management L.P. increased its stake in Arch Capital Group by 441.7% in the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock valued at $482,755,000 after buying an additional 5,300,000 shares during the period. Norges Bank acquired a new position in Arch Capital Group in the 4th quarter valued at $309,496,000. Capital International Investors increased its stake in Arch Capital Group by 61.1% in the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after buying an additional 1,560,173 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Arch Capital Group by 61.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock valued at $237,017,000 after buying an additional 1,216,080 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Arch Capital Group by 11.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after buying an additional 693,608 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACGL has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $96.00 to $106.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm restated a “buy” rating and set a $110.00 target price on shares of Arch Capital Group in a research report on Tuesday, April 30th. StockNews.com upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Morgan Stanley boosted 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 report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.87.

Insider Buying and Selling

In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Up 2.6 %

Shares of NASDAQ ACGL traded up $2.44 on Friday, reaching $96.91. 1,108,389 shares of the company traded hands, compared to its average volume of 1,667,425. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $103.79. The company has a 50 day moving average of $99.59 and a 200 day moving average of $92.42. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $36.39 billion, a PE ratio of 7.65, a P/E/G ratio of 1.61 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 EPS. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.59 earnings per share for the current fiscal 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.