Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,464 shares of the insurance provider’s stock after selling 3,825 shares during the quarter. Pathstone Holdings LLC’s holdings in Arch Capital Group were worth $10,572,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the fourth quarter worth $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd increased its stake in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 260 shares during the last quarter. Quarry LP acquired a new position in Arch Capital Group in the fourth quarter valued at $58,000. Finally, UMB Bank n.a. increased its stake in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 3.0%

NASDAQ ACGL opened at $93.54 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $92.38 and its two-hundred day moving average is $93.64. The company has a market capitalization of $35.05 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on ACGL. Wells Fargo & Company upped their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Jefferies Financial Group boosted their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Barclays lowered their price target on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider now directly owns 579,218 shares in the company, valued at approximately $54,452,284.18. This represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,946 shares of company stock valued at $10,392,092. Company 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.