Cooke & Bieler LP Has $1.10 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cooke & Bieler LP lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 98.5% during the fourth quarter, Holdings Channel reports. The fund owned 14,855 shares of the insurance provider’s stock after selling 948,156 shares during the quarter. Cooke & Bieler LP’s holdings in Arch Capital Group were worth $1,103,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Federated Hermes Inc. increased its stake in Arch Capital Group by 106.0% during the 4th quarter. Federated Hermes Inc. now owns 253,262 shares of the insurance provider’s stock valued at $18,810,000 after purchasing an additional 130,342 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Arch Capital Group by 6.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 33,561 shares of the insurance provider’s stock valued at $2,492,000 after purchasing an additional 2,095 shares in the last quarter. Steph & Co. increased its stake in Arch Capital Group by 5.7% during the 4th quarter. Steph & Co. now owns 4,488 shares of the insurance provider’s stock valued at $333,000 after purchasing an additional 241 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Arch Capital Group during the 4th quarter valued at $3,748,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Arch Capital Group by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,526 shares of the insurance provider’s stock valued at $12,739,000 after purchasing an additional 1,898 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.7 %

ACGL stock traded up $1.54 on Friday, reaching $92.93. The company’s stock had a trading volume of 1,527,630 shares, compared to its average volume of 1,682,517. The business has a fifty day simple moving average of $89.55 and a two-hundred 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. The firm has a market cap of $34.86 billion, a PE ratio of 8.00, a PEG ratio of 1.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57.

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

Wall Street Analyst Weigh In

ACGL has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Arch Capital Group in a research note on Monday, April 15th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. TD Cowen assumed coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, Evercore ISI increased their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.23.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.20% of the stock is currently owned by company insiders.

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.