DNB Asset Management AS trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,893 shares of the insurance provider’s stock after selling 6,705 shares during the quarter. DNB Asset Management AS’s holdings in Arch Capital Group were worth $1,483,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Worldquant Millennium Quantitative Strategies LLC lifted its holdings in Arch Capital Group by 24.0% during the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 52,952 shares of the insurance provider’s stock valued at $1,415,000 after purchasing an additional 10,265 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Arch Capital Group by 2.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 42,282 shares of the insurance provider’s stock valued at $1,130,000 after purchasing an additional 1,036 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Arch Capital Group by 8.1% during the 4th quarter. Prudential Financial Inc. now owns 21,280 shares of the insurance provider’s stock valued at $569,000 after purchasing an additional 1,600 shares during the last quarter. Vanguard Group Inc lifted its holdings in Arch Capital Group by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 33,874,589 shares of the insurance provider’s stock valued at $1,009,802,000 after purchasing an additional 144,152 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Arch Capital Group by 9.3% during the 4th quarter. Legal & General Group Plc now owns 2,518,406 shares of the insurance provider’s stock valued at $67,256,000 after purchasing an additional 214,805 shares during the last quarter. 80.52% of the stock is owned by institutional investors.

In other news, Director Yiorgos Lillikas sold 2,000 shares of Arch Capital Group stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $32.30, for a total transaction of $64,600.00. Following the sale, the director now directly owns 51,214 shares of the company’s stock, valued at $1,654,212.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP W Preston Hutchings sold 37,500 shares of Arch Capital Group stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $32.55, for a total value of $1,220,625.00. Following the sale, the senior vice president now directly owns 62,216 shares in the company, valued at $2,025,130.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,648 shares of company stock worth $1,451,332. Company insiders own 5.20% of the company’s stock.

ACGL has been the subject of several research reports. Zacks Investment Research raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Thursday, January 3rd. Barclays raised Arch Capital Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $29.00 to $32.00 in a report on Wednesday, January 9th. ValuEngine raised Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Saturday, February 2nd. BidaskClub upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, JMP Securities reiterated a “hold” rating on shares of Arch Capital Group in a research report on Sunday, February 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.67.

Arch Capital Group stock opened at $32.62 on Thursday. Arch Capital Group Ltd. has a 12-month low of $24.79 and a 12-month high of $33.25. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.16 and a beta of 0.70.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, February 12th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. Arch Capital Group had a return on equity of 10.09% and a net margin of 13.91%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 2.54 earnings per share for the current fiscal year.

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Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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

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