Richard Bernstein Advisors LLC Reduces Stock Position in Arch Capital Group Ltd. $ACGL

Richard Bernstein Advisors LLC lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 51.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,186 shares of the insurance provider’s stock after selling 13,795 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Arch Capital Group were worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its stake in Arch Capital Group by 426.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 311 shares during the period. Quent Capital LLC bought a new position in Arch Capital Group during the third quarter valued at $37,000. Richardson Financial Services Inc. grew its stake in shares of Arch Capital Group by 63.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock worth $38,000 after buying an additional 162 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after buying an additional 112 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Arch Capital Group in the 3rd quarter worth about $54,000. 89.07% of the stock is owned by institutional investors.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the transaction, the insider owned 289,556 shares in the company, valued at approximately $27,267,488.52. This trade represents a 2.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 260,096 shares of company stock worth $24,530,685 over the last 90 days. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACGL. Mizuho increased their price target on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Royal Bank Of Canada lifted their target price on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Evercore set a $100.00 target price on Arch Capital Group and gave the company an “in-line” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group restated a “sell” rating and set a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Finally, Weiss Ratings upgraded Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.20.

Arch Capital Group Stock Up 0.6%

Shares of NASDAQ:ACGL opened at $96.19 on Wednesday. The firm has a market capitalization of $34.22 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 3.84 and a beta of 0.40. The business has a 50 day simple moving average of $96.27 and a two-hundred day simple moving average of $92.98. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.64. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period last year, the company earned $2.26 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.