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

Summit Trail Advisors LLC reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,022 shares of the insurance provider’s stock after selling 791 shares during the period. Summit Trail Advisors LLC’s holdings in Arch Capital Group were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its stake in Arch Capital Group by 6.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock worth $16,756,000 after purchasing an additional 11,594 shares in the last quarter. SG Americas Securities LLC grew 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 last quarter. Treasurer of the State of North Carolina increased its position 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 in the last quarter. Millington Financial Advisors LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at about $1,030,000. Finally, Wedge Capital Management L L P NC boosted its position in shares of Arch Capital Group by 28.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider’s stock valued at $15,277,000 after purchasing an additional 46,089 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded up $0.59 during mid-day trading on Tuesday, reaching $97.73. The company had a trading volume of 241,704 shares, compared to its average volume of 1,711,836. The stock has a market cap of $36.66 billion, a PE ratio of 7.67, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a 50-day moving average price of $91.35 and a two-hundred day moving average price of $84.84. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $97.90.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.43 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were 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 $29,408,151.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 over the last 90 days. 4.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup decreased their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. Roth Mkm reissued a “buy” rating and issued a $110.00 target price on shares of Arch Capital Group in a report on Tuesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Bank of America raised their price objective on shares of Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.67.

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.