BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,289 shares of the insurance provider’s stock after selling 4,564 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Arch Capital Group were worth $6,135,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ACGL. Parallel Advisors LLC grew its position in Arch Capital Group by 0.4% during the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 6 shares during the period. Oppenheimer & Co. Inc. grew its position in Arch Capital Group by 2.6% during the second quarter. Oppenheimer & Co. Inc. now owns 3,873 shares of the insurance provider’s stock valued at $361,000 after acquiring an additional 97 shares during the period. Nordea Investment Management AB grew its position in Arch Capital Group by 3.1% during the second quarter. Nordea Investment Management AB now owns 3,300 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 100 shares during the period. Utah Retirement Systems grew its position in Arch Capital Group by 0.5% during the second quarter. Utah Retirement Systems now owns 21,054 shares of the insurance provider’s stock valued at $1,964,000 after acquiring an additional 100 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Arch Capital Group by 3.2% during the second quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock valued at $706,000 after acquiring an additional 237 shares during the period. 79.50% of the stock is owned by institutional investors and hedge funds.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $92.25 on Wednesday. Arch Capital Group Ltd. has a 1 year low of $84.21 and a 1 year high of $102.60. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $12,115.01, a PE ratio of 31.17, a PEG ratio of 2.61 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $1.14 EPS. Arch Capital Group’s quarterly revenue was up 30.7% on a year-over-year basis. research analysts expect that Arch Capital Group Ltd. will post 3.23 EPS for the current fiscal year.

In related news, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $92.04, for a total value of $506,220.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Nicolas Papadopoulo sold 54,554 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total value of $5,211,543.62. Following the completion of the transaction, the chief executive officer now owns 147,481 shares in the company, valued at approximately $14,088,859.93. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

A number of research firms have issued reports on ACGL. BidaskClub downgraded Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $101.00 price target on shares of Arch Capital Group in a research report on Wednesday, December 6th. UBS reissued a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Wells Fargo & Company set a $100.00 price target on Arch Capital Group and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $100.80.

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About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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