Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,684 shares of the insurance provider’s stock after selling 624 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Arch Capital Group were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock valued at $16,756,000 after acquiring an additional 11,594 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Arch Capital Group by 601.1% during the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock worth $10,500,000 after purchasing an additional 121,206 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Arch Capital Group by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock worth $16,672,000 after purchasing an additional 1,504 shares during the period. Millington Financial Advisors LLC bought a new position in shares of Arch Capital Group in the 3rd quarter worth about $1,030,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Arch Capital Group by 31.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock valued at $14,945,000 after buying an additional 48,587 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ACGL. TD Cowen initiated coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price on the stock. UBS Group reduced their price objective on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Evercore ISI raised their target price on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley upped their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.23.

Insider Transactions at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 over the last three months. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Up 1.7 %

Arch Capital Group stock opened at $92.93 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $34.86 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. The firm has a 50 day simple moving average of $89.55 and a 200-day simple moving average of $83.98. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same period in the prior year, the firm earned $2.14 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal 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.