Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,700 shares of the insurance provider’s stock after selling 6,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Arch Capital Group were worth $13,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Arch Capital Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 34,253,429 shares of the insurance provider’s stock worth $1,658,551,000 after acquiring an additional 846,179 shares during the period. BlackRock Inc. raised its stake in shares of Arch Capital Group by 2.1% during the first quarter. BlackRock Inc. now owns 26,059,274 shares of the insurance provider’s stock valued at $1,768,643,000 after purchasing an additional 534,690 shares in the last quarter. WCM Investment Management LLC acquired a new stake in Arch Capital Group in the first quarter worth about $866,650,000. State Street Corp lifted its holdings in Arch Capital Group by 0.8% in the third quarter. State Street Corp now owns 8,149,909 shares of the insurance provider’s stock worth $371,147,000 after purchasing an additional 64,171 shares during the period. Finally, Geode Capital Management LLC grew its position in Arch Capital Group by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 7,902,500 shares of the insurance provider’s stock valued at $535,165,000 after buying an additional 121,919 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACGL. TD Cowen initiated coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target for the company. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Evercore ISI upped their price objective on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a report on Thursday. Finally, Citigroup lowered their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $95.77.

Insider Transactions at Arch Capital Group

In related 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 transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,689 shares of company stock worth $11,872,217. 4.00% of the stock is owned by corporate insiders.

Arch Capital Group Stock Down 1.5 %

Shares of NASDAQ:ACGL opened at $89.98 on Monday. The firm has a 50 day simple moving average of $88.79 and a 200 day simple moving average of $83.65. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $95.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $33.76 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company earned $2.14 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.02 earnings per share for the current year.

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.