Sentry Investment Management LLC Sells 208 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Sentry Investment Management LLC cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,941 shares of the insurance provider’s stock after selling 208 shares during the period. Sentry Investment Management LLC’s holdings in Arch Capital Group were worth $144,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ACGL. Mackenzie Financial Corp boosted its position in shares of Arch Capital Group by 1.9% during the 4th quarter. Mackenzie Financial Corp now owns 41,898 shares of the insurance provider’s stock valued at $3,112,000 after acquiring an additional 771 shares during the last quarter. Strs Ohio lifted its position in Arch Capital Group by 961.5% during the fourth quarter. Strs Ohio now owns 334,283 shares of the insurance provider’s stock valued at $24,827,000 after purchasing an additional 302,791 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of Arch Capital Group by 36.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 24,785 shares of the insurance provider’s stock worth $1,841,000 after buying an additional 6,652 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $1,679,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at about $220,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $90.63 on Thursday. The stock’s 50-day moving average is $89.19 and its 200 day moving average is $83.84. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $34.00 billion, a P/E ratio of 7.80, a PEG ratio of 1.13 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly 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. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period last year, the business earned $2.14 EPS. Research analysts predict that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on ACGL shares. Citigroup dropped their price target on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a report on Friday, February 16th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI increased their target price on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Finally, TD Cowen assumed coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.23.

Insider Buying and Selling at Arch Capital Group

In other news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 over the last three months. Corporate insiders own 4.20% of the company’s stock.

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.