Clearbridge Investments LLC Sells 12,936 Shares of Arch Capital Group Ltd. $ACGL

Clearbridge Investments LLC decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,381 shares of the insurance provider’s stock after selling 12,936 shares during the quarter. Clearbridge Investments LLC’s holdings in Arch Capital Group were worth $37,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Syon Capital LLC bought a new position in Arch Capital Group during the 4th quarter worth approximately $238,000. Capital International Investors boosted its stake in Arch Capital Group by 1.4% during the 4th quarter. Capital International Investors now owns 1,917,867 shares of the insurance provider’s stock worth $183,962,000 after acquiring an additional 26,226 shares during the last quarter. Capital Group Private Client Services Inc. boosted its stake in Arch Capital Group by 1.9% during the 4th quarter. Capital Group Private Client Services Inc. now owns 53,582 shares of the insurance provider’s stock worth $5,140,000 after acquiring an additional 1,020 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Arch Capital Group by 5.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 15,675 shares of the insurance provider’s stock worth $1,504,000 after acquiring an additional 774 shares during the last quarter. Finally, Fiduciary Management Inc. WI bought a new position in Arch Capital Group during the 4th quarter worth approximately $106,683,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $90.41 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $31.59 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 4.92 and a beta of 0.32. The company’s 50 day moving average price is $94.71 and its two-hundred day moving average price is $95.04. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39.

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

Insider Activity at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ACGL shares. Barclays lifted their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Mizuho reduced their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Finally, Morgan Stanley set a $105.00 target price on shares of Arch Capital Group in a report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $106.81.

Arch Capital Group 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.