Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 413,002 shares of the insurance provider’s stock after selling 83,816 shares during the quarter. Clearbridge Investments LLC owned about 0.11% of Arch Capital Group worth $38,141,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ACGL. Norges Bank acquired a new position in Arch Capital Group in the 4th quarter valued at about $437,291,000. Madison Investment Advisors LLC acquired a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $410,010,000. Swedbank AB increased its holdings in shares of Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after purchasing an additional 919,793 shares during the period. Egerton Capital UK LLP raised its stake in shares of Arch Capital Group by 25.8% during the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock worth $368,289,000 after purchasing an additional 816,750 shares during the last quarter. Finally, High Ground Investment Management LLP lifted its holdings in shares of Arch Capital Group by 246.3% during the fourth quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider’s stock worth $102,367,000 after purchasing an additional 788,393 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Down 0.0 %

Shares of ACGL opened at $96.14 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The stock has a market cap of $36.12 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The firm has a 50 day simple moving average of $92.19 and a 200-day simple moving average of $97.88.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the business earned $2.45 earnings per share. Equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACGL. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company cut their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays reduced their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.19.

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.