Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Reduced by Vestcor Inc

Vestcor Inc lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,149 shares of the insurance provider’s stock after selling 515 shares during the quarter. Vestcor Inc’s holdings in Arch Capital Group were worth $7,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. grew its stake in Arch Capital Group by 4.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,970 shares of the insurance provider’s stock valued at $2,121,000 after purchasing an additional 1,036 shares in the last quarter. Egerton Capital UK LLP boosted its stake in shares of Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock worth $368,289,000 after acquiring an additional 816,750 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of Arch Capital Group by 79.7% during the 4th quarter. Great Lakes Advisors LLC now owns 6,932 shares of the insurance provider’s stock worth $640,000 after acquiring an additional 3,075 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Arch Capital Group by 2.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 23,326 shares of the insurance provider’s stock worth $2,154,000 after acquiring an additional 466 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of Arch Capital Group by 21.9% during the 4th quarter. Moors & Cabot Inc. now owns 2,705 shares of the insurance provider’s stock worth $250,000 after acquiring an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $89.16 on Thursday. The stock has a 50 day moving average of $91.83 and a two-hundred day moving average of $99.69. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. The company has a market capitalization of $33.47 billion, a P/E ratio of 7.96, a P/E/G ratio of 2.31 and a beta of 0.62.

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

Analyst Ratings Changes

Several research firms have recently issued reports on ACGL. JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada decreased their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. JMP Securities reiterated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Finally, UBS Group decreased their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average target price 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.