William Blair Investment Management LLC Trims Position in Arch Capital Group Ltd. $ACGL

William Blair Investment Management LLC lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 588,845 shares of the insurance provider’s stock after selling 100,300 shares during the quarter. William Blair Investment Management LLC owned 0.16% of Arch Capital Group worth $56,482,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in Arch Capital Group in the fourth quarter worth about $27,000. WealthCollab LLC increased its position 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 buying an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Arch Capital Group in the third quarter worth about $28,000. Aventura Private Wealth LLC purchased a new stake in Arch Capital Group in the fourth quarter worth about $30,000. Finally, Grove Bank & Trust purchased a new stake in Arch Capital Group in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction dated 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 transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $34,220. The trade was a 60.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,837 shares of company stock worth $2,766,946. 3.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Barclays upped their price target on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Mizuho reduced their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $106.32.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $96.30 on Monday. The firm has a market cap of $33.65 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 5.30 and a beta of 0.35. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $95.40 and a 200-day moving average price of $95.03. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share 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%. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 9.27 EPS for the current fiscal 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.