Arch Capital Group Ltd. $ACGL Shares Sold by Delta Global Management LP

Delta Global Management LP trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 72.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,577 shares of the insurance provider’s stock after selling 19,926 shares during the period. Delta Global Management LP’s holdings in Arch Capital Group were worth $727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ACGL. Elyxium Wealth LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $27,000. WealthCollab LLC raised its stake in Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares during the period. JPL Wealth Management LLC acquired a new stake in Arch Capital Group during the third quarter worth about $28,000. Grove Bank & Trust acquired a new stake in Arch Capital Group during the fourth quarter worth about $30,000. Finally, Aventura Private Wealth LLC acquired a new stake in Arch Capital Group during the fourth quarter worth about $30,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel Joseph Houston bought 5,300 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ACGL has been the topic of several recent research reports. Citigroup raised their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $105.00 price objective on Arch Capital Group in a research note on Friday, May 1st. UBS Group restated a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.81.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $92.58 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $94.26 and a 200-day simple moving average of $95.00. The company has a market cap of $32.35 billion, a PE ratio of 7.11, a P/E/G ratio of 4.58 and a beta of 0.32. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion for the quarter. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

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.