Twin Capital Management Inc. Sells 1,109 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Twin Capital Management Inc. lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,012 shares of the insurance provider’s stock after selling 1,109 shares during the period. Twin Capital Management Inc.’s holdings in Arch Capital Group were worth $741,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in Arch Capital Group by 0.4% during the first quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider’s stock valued at $3,077,000 after purchasing an additional 117 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of Arch Capital Group by 1.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after buying an additional 117 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Arch Capital Group by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock valued at $536,000 after buying an additional 118 shares in the last quarter. Petra Financial Advisors Inc. raised its stake in Arch Capital Group by 1.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider’s stock worth $977,000 after buying an additional 129 shares during the period. Finally, Headlands Technologies LLC raised its stake in Arch Capital Group by 1.1% during the 1st quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock worth $1,159,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Buying and Selling

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Stock Up 0.2 %

Shares of Arch Capital Group stock traded up $0.17 on Wednesday, reaching $96.40. 1,002,374 shares of the company were exchanged, compared to its average volume of 1,673,522. The company has a market capitalization of $36.20 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.61 and a beta of 0.58. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $103.79. The company has a 50-day moving average of $99.76 and a 200 day moving average of $92.27.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 33.65% and a return on equity of 21.85%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.59 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ACGL shares. Evercore ISI raised their price target on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Morgan Stanley raised their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Roth Mkm reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. JPMorgan Chase & Co. increased their target price on Arch Capital Group from $96.00 to $106.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, JMP Securities boosted their price target on Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and an average price target of $102.87.

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.