Arch Capital Group Ltd. (NASDAQ:ACGL) Position Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 233,398 shares of the insurance provider’s stock after selling 48,451 shares during the period. Russell Investments Group Ltd.’s holdings in Arch Capital Group were worth $21,527,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth about $27,000. Larson Financial Group LLC bought a new position in Arch Capital Group during the fourth quarter worth about $30,000. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group during the fourth quarter worth about $33,000. CVA Family Office LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $47,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in Arch Capital Group during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded up $1.32 on Wednesday, reaching $98.43. The company’s stock had a trading volume of 307,106 shares, compared to its average volume of 1,696,345. The stock has a market capitalization of $36.96 billion, a P/E ratio of 7.66, a PEG ratio of 1.62 and a beta of 0.58. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $103.79. The stock’s 50-day moving average is $99.98 and its two-hundred day moving average is $91.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company earned $1.73 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.59 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on ACGL shares. Roth Mkm reissued a “buy” rating and issued a $110.00 price target on shares of Arch Capital Group in a research report on Tuesday, April 30th. Evercore ISI raised their price objective on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. StockNews.com upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. JMP Securities lifted their price objective on Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley lifted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.87.

Insider Activity at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

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.