Arch Capital Group Ltd. $ACGL Shares Sold by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 53.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,605 shares of the insurance provider’s stock after selling 143,642 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Arch Capital Group were worth $11,578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Arch Capital Group by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after buying an additional 493,583 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Arch Capital Group by 1.7% in the second quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock valued at $2,170,021,000 after acquiring an additional 408,950 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares during the period. Geode Capital Management LLC boosted its position in shares of Arch Capital Group by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock worth $952,523,000 after purchasing an additional 115,465 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Arch Capital Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after purchasing an additional 360,626 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 0.2%

Arch Capital Group stock opened at $98.70 on Tuesday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The stock has a market capitalization of $35.79 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 3.94 and a beta of 0.42. The firm has a 50 day simple moving average of $95.79 and a 200-day simple moving average of $92.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the prior year, the business earned $2.26 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the sale, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John M. Pasquesi sold 8,800 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $94.17, for a total transaction of $828,696.00. Following the completion of the transaction, the insider owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 268,096 shares of company stock valued at $25,287,645 over the last three months. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ACGL shares. Roth Mkm set a $110.00 target price on shares of Arch Capital Group and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Morgan Stanley set a $125.00 price target on Arch Capital Group in a report on Friday, January 16th. UBS Group reaffirmed a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Citigroup reissued a “buy” rating and set a $120.00 price target (up previously from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th. Finally, Mizuho upped their price objective on Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.20.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.