Arch Capital Group Ltd. (ACGL) Shares Sold by Barings LLC

Barings LLC lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 19.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,100 shares of the insurance provider’s stock after selling 1,000 shares during the period. Barings LLC’s holdings in Arch Capital Group were worth $389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Arch Capital Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 9,588,852 shares of the insurance provider’s stock valued at $908,736,000 after buying an additional 418,229 shares during the last quarter. BlackRock Inc. increased its stake in shares of Arch Capital Group by 3,410.5% in the first quarter. BlackRock Inc. now owns 8,769,351 shares of the insurance provider’s stock valued at $831,073,000 after buying an additional 8,519,546 shares during the period. State Street Corp increased its stake in shares of Arch Capital Group by 1.4% in the first quarter. State Street Corp now owns 2,915,052 shares of the insurance provider’s stock valued at $276,253,000 after buying an additional 40,737 shares during the period. Principal Financial Group Inc. increased its stake in shares of Arch Capital Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 1,819,732 shares of the insurance provider’s stock valued at $172,456,000 after buying an additional 12,071 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Arch Capital Group by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,049,706 shares of the insurance provider’s stock valued at $99,449,000 after buying an additional 33,286 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Arch Capital Group Ltd. (ACGL) traded up 0.52% on Friday, hitting $98.50. The stock had a trading volume of 239,510 shares. Arch Capital Group Ltd. has a 1-year low of $69.31 and a 1-year high of $99.21. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 16.69 and a beta of 0.66. The company has a 50-day moving average price of $95.16 and a 200-day moving average price of $93.67.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 25th. The insurance provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Arch Capital Group had a return on equity of 8.85% and a net margin of 16.92%. During the same quarter last year, the firm earned $1.20 EPS. Equities analysts predict that Arch Capital Group Ltd. will post $5.34 earnings per share for the current year.

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A number of analysts have recently issued reports on ACGL shares. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, April 26th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Morgan Stanley raised their target price on shares of Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $95.00 price objective on shares of Arch Capital Group in a research report on Tuesday, July 4th. Finally, Deutsche Bank AG lifted their price objective on shares of Arch Capital Group from $78.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, March 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Arch Capital Group currently has an average rating of “Hold” and an average price target of $92.09.

In other Arch Capital Group news, CEO Constantine Iordanou sold 62,832 shares of Arch Capital Group stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $95.02, for a total transaction of $5,970,296.64. Following the completion of the transaction, the chief executive officer now owns 108,851 shares in the company, valued at approximately $10,343,022.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 20,000 shares of Arch Capital Group stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $95.39, for a total value of $1,907,800.00. Following the transaction, the chief executive officer now owns 244,912 shares of the company’s stock, valued at approximately $23,362,155.68. The disclosure for this sale can be found here. Insiders sold a total of 166,700 shares of company stock valued at $15,923,004 in the last three months. Insiders own 6.60% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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