Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 20.3% in the fourth quarter, Holdings Channel reports. The firm owned 6,419 shares of the insurance provider’s stock after selling 1,638 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Arch Capital Group were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Arch Capital Group by 112.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after acquiring an additional 1,387,072 shares during the last quarter. Hsbc Holdings PLC raised its stake in Arch Capital Group by 597.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock worth $113,516,000 after acquiring an additional 1,216,498 shares during the last quarter. Assetmark Inc. raised its stake in Arch Capital Group by 316.7% in the 3rd quarter. Assetmark Inc. now owns 977,982 shares of the insurance provider’s stock worth $77,955,000 after acquiring an additional 743,303 shares during the last quarter. Invesco Ltd. raised its stake in Arch Capital Group by 16.3% in the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock worth $269,871,000 after acquiring an additional 475,464 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Arch Capital Group in the 4th quarter worth $295,440,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ACGL shares. Roth Mkm reiterated a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a research note on Tuesday. Evercore ISI lifted their price objective on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $98.00 price objective on shares of Arch Capital Group in a research note on Friday, February 16th. TD Cowen started coverage on Arch Capital Group in a research note on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.60.

Insiders Place Their Bets

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Francois Morin sold 25,689 shares of the company’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 value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The disclosure for this sale can be found here. In the last three months, insiders sold 135,689 shares of company stock worth $11,872,217. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $93.54 on Wednesday. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01. The stock has a 50 day moving average of $90.44 and a two-hundred day moving average of $84.49. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $35.09 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 23.02% and a net margin of 33.65%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned $1.73 EPS. Arch Capital Group’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts expect that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal 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.