Confluence Investment Management LLC Cuts Stock Holdings in Arch Capital Group Ltd. $ACGL

Confluence Investment Management LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 359,733 shares of the insurance provider’s stock after selling 29,287 shares during the quarter. Confluence Investment Management LLC’s holdings in Arch Capital Group were worth $34,506,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ACGL. TD Waterhouse Canada Inc. boosted its holdings in Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 112 shares during the period. Crescent Grove Advisors LLC increased its stake in Arch Capital Group by 3.1% in the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 112 shares during the period. Keel Point LLC increased its stake in Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after purchasing an additional 112 shares during the period. J.W. Cole Advisors Inc. lifted its position in Arch Capital Group by 4.4% in the second quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 127 shares during the last quarter. Finally, Compound Planning Inc. lifted its position in Arch Capital Group by 5.0% in the third quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In related news, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the transaction, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 78,267 shares of company stock valued at $7,291,637. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Price Performance

ACGL opened at $92.17 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $32.79 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 3.78 and a beta of 0.40. The stock’s 50 day moving average price is $96.07 and its 200-day moving average price is $93.07. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter last year, the firm posted $2.26 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. UBS Group reiterated a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Barclays set a $104.00 price target on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Roth Mkm set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus 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.