O Shaughnessy Asset Management LLC Has $7.27 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

O Shaughnessy Asset Management LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 78,663 shares of the insurance provider’s stock after selling 8,176 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Arch Capital Group were worth $7,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Norges Bank bought a new stake in shares of Arch Capital Group in the 4th quarter valued at $437,291,000. Madison Investment Advisors LLC bought a new position in Arch Capital Group during the fourth quarter worth $410,010,000. Swedbank AB lifted its holdings in 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 buying an additional 919,793 shares during the period. Egerton Capital UK LLP boosted its position in 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 valued at $368,289,000 after acquiring an additional 816,750 shares during the last quarter. Finally, High Ground Investment Management LLP grew its holdings in Arch Capital Group by 246.3% during the 4th quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider’s stock worth $102,367,000 after acquiring an additional 788,393 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACGL. JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods cut their price target 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. Royal Bank of Canada lowered their price objective on shares of 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. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley decreased 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 research note on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Trading Down 0.0 %

Shares of ACGL stock opened at $96.14 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The company has a market capitalization of $36.12 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The company has a 50-day simple moving average of $92.19 and a two-hundred day simple moving average of $97.88.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $2.45 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.