Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by General American Investors Co. Inc.

General American Investors Co. Inc. trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 660,249 shares of the insurance provider’s stock after selling 15,000 shares during the period. Arch Capital Group accounts for about 4.6% of General American Investors Co. Inc.’s investment portfolio, making the stock its 6th largest position. General American Investors Co. Inc. owned about 0.18% of Arch Capital Group worth $66,613,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ACGL. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA boosted its stake in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares during the last quarter. Richardson Financial Services Inc. purchased a new stake in Arch Capital Group during the 4th quarter worth about $33,000. Rothschild Investment LLC acquired a new position in Arch Capital Group in the 2nd quarter valued at about $35,000. Finally, LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth about $38,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACGL has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their target price on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. JMP Securities lifted their price target on Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America decreased their target price on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $107.44.

Arch Capital Group Stock Down 1.6 %

Shares of NASDAQ ACGL opened at $110.45 on Friday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $114.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $41.47 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 2.05 and a beta of 0.60. The stock’s 50-day simple moving average is $101.36 and its 200-day simple moving average is $97.13.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

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.