Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Lessened by Cooke & Bieler LP

Cooke & Bieler LP cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 98.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,855 shares of the insurance provider’s stock after selling 948,156 shares during the period. Cooke & Bieler LP’s holdings in Arch Capital Group were worth $1,103,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Balentine LLC grew its position in Arch Capital Group by 2.6% during the 2nd quarter. Balentine LLC now owns 5,298 shares of the insurance provider’s stock worth $397,000 after purchasing an additional 133 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Arch Capital Group by 2.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock worth $405,000 after purchasing an additional 144 shares in the last quarter. Signaturefd LLC grew its position in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock worth $183,000 after purchasing an additional 146 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Arch Capital Group by 15.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 146 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of Arch Capital Group by 2.2% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock valued at $519,000 after acquiring an additional 149 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACGL. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. UBS Group lowered their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. Morgan Stanley boosted their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research note on Friday, February 16th. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.23.

Insider Transactions at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related 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 value of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

Arch Capital Group stock traded up $1.54 on Friday, reaching $92.93. 1,527,630 shares of the stock were exchanged, compared to its average volume of 1,682,517. The stock has a market cap of $34.86 billion, a PE ratio of 8.00, a PEG ratio of 1.14 and a beta of 0.57. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $69.05 and a twelve month high of $95.01. The firm has a fifty day moving average price of $89.55 and a two-hundred day moving average price of $83.98.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the business earned $2.14 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Arch Capital Group Company 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.