Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,952 shares of the insurance provider’s stock after selling 1,426 shares during the period. Corient Private Wealth LLC’s holdings in Arch Capital Group were worth $4,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ACGL. Principal Financial Group Inc. lifted its stake in shares of Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after purchasing an additional 337,786 shares in the last quarter. MAI Capital Management lifted its stake in shares of Arch Capital Group by 19.9% in the 3rd quarter. MAI Capital Management now owns 4,865 shares of the insurance provider’s stock valued at $544,000 after purchasing an additional 808 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after purchasing an additional 6,521 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Arch Capital Group by 9.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 9,980 shares of the insurance provider’s stock valued at $1,117,000 after purchasing an additional 890 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at about $250,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price 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 dropped their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group dropped their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $91.98 on Friday. Arch Capital Group Ltd. has a twelve month low of $87.42 and a twelve month high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $34.53 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The business has a 50 day simple moving average of $91.99 and a 200-day simple moving average of $98.75.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $2.45 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.