SkyView Investment Advisors LLC Decreases Stock Holdings in Arch Capital Group Ltd. $ACGL

SkyView Investment Advisors LLC trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 91.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,000 shares of the insurance provider’s stock after selling 22,028 shares during the period. SkyView Investment Advisors LLC’s holdings in Arch Capital Group were worth $194,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ACGL. California State Teachers Retirement System raised its stake in shares of Arch Capital Group by 9,977.0% during the 2nd quarter. California State Teachers Retirement System now owns 47,698,002 shares of the insurance provider’s stock worth $4,629,568,000 after acquiring an additional 47,224,669 shares in the last quarter. Norges Bank acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $463,208,000. Dimensional Fund Advisors LP grew its holdings in Arch Capital Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after purchasing an additional 117,929 shares during the last quarter. Madison Asset Management LLC purchased a new position in Arch Capital Group in the second quarter worth $368,808,000. Finally, Goldman Sachs Group Inc. grew its holdings in Arch Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after purchasing an additional 160,326 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Up 1.9%

Shares of Arch Capital Group stock opened at $97.95 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $107.08. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 4.73 and a beta of 0.30. The firm’s 50 day simple moving average is $99.76 and its two-hundred day simple moving average is $96.69.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same period in the previous year, the firm posted $2.58 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 9.44 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 8th. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arch Capital Group in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.11.

Insider Activity

In related news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the transaction, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. This trade represents a 5.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is currently owned by insiders.

Arch Capital Group Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.