Prudential PLC Has $15.58 Million Stock Position in Arch Capital Group Ltd. $ACGL

Prudential PLC lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,414 shares of the insurance provider’s stock after selling 23,052 shares during the period. Prudential PLC’s holdings in Arch Capital Group were worth $15,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WealthCollab LLC boosted its holdings in Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. Elyxium Wealth LLC bought a new position in Arch Capital Group in the fourth quarter worth approximately $27,000. JPL Wealth Management LLC bought a new position in Arch Capital Group in the third quarter worth approximately $28,000. Aventura Private Wealth LLC bought a new position in Arch Capital Group in the fourth quarter worth approximately $30,000. Finally, Grove Bank & Trust bought a new position in Arch Capital Group in the fourth quarter worth approximately $30,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $91.19 on Friday. The company has a market cap of $31.86 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 4.85 and a beta of 0.32. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The business has a 50 day moving average price of $94.86 and a 200-day moving average price of $95.04. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Equities analysts anticipate that Arch Capital Group Ltd. will post 9.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on ACGL shares. UBS Group reiterated a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. Citigroup increased their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada increased their price target on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Arch Capital Group presently has an average rating of “Hold” and an average price target of $106.32.

Insider Buying and Selling

In other news, insider David Gansberg sold 5,907 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the sale, the insider directly owned 336,559 shares of the company’s stock, valued at $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 35,837 shares of company stock valued at $2,825,926. 3.30% of the stock is owned by company insiders.

Arch Capital Group Company Profile

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.