Unisphere Establishment Sells 2,700 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Unisphere Establishment lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,300 shares of the insurance provider’s stock after selling 2,700 shares during the period. Unisphere Establishment’s holdings in Arch Capital Group were worth $7,693,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after acquiring an additional 337,786 shares in the last quarter. Virtu Financial LLC purchased a new position in Arch Capital Group during the 3rd quarter valued at approximately $1,106,000. SkyView Investment Advisors LLC grew its holdings in shares of Arch Capital Group by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider’s stock valued at $3,252,000 after purchasing an additional 454 shares in the last quarter. World Investment Advisors LLC bought a new position in Arch Capital Group during the third quarter valued at $312,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Arch Capital Group in the third quarter worth about $6,817,000. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $92.39 on Wednesday. The stock’s fifty day moving average is $91.96 and its two-hundred day moving average is $94.80. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market capitalization of $34.71 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same period in the previous year, the business posted $2.45 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ACGL. Royal Bank of Canada decreased their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. UBS Group dropped their target price on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group raised their price target on Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.88.

Arch Capital Group 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.