Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,282 shares of the insurance provider’s stock after selling 437 shares during the period. Lazard Asset Management LLC’s holdings in Arch Capital Group were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. James Investment Research Inc. acquired a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $34,000. Covestor Ltd lifted its position in shares of Arch Capital Group by 4,956.5% during the 1st quarter. Covestor Ltd now owns 1,163 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 1,140 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Arch Capital Group by 159.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,225 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 752 shares during the period. Zions Bancorporation N.A. lifted its position in shares of Arch Capital Group by 1,172.2% during the 1st quarter. Zions Bancorporation N.A. now owns 1,374 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 1,266 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter valued at approximately $76,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 2.0 %

ACGL stock opened at $57.67 on Monday. The stock has a market capitalization of $21.33 billion, a P/E ratio of 18.48, a PEG ratio of 1.44 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.59 and a current ratio of 0.59. Arch Capital Group Ltd. has a one year low of $40.24 and a one year high of $59.14. The company has a 50 day moving average price of $50.05 and a two-hundred day moving average price of $46.99.

Arch Capital Group (NASDAQ:ACGLGet Rating) last released its earnings results on Thursday, October 27th. The insurance provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Arch Capital Group had a net margin of 13.89% and a return on equity of 13.16%. Arch Capital Group’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Arch Capital Group from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Jefferies Financial Group dropped their price objective on shares of Arch Capital Group from $57.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, October 7th. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Finally, StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner purchased 2,000 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were bought at an average price of $17.60 per share, for a total transaction of $35,200.00. Following the acquisition, the director now directly owns 4,000 shares in the company, valued at $70,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.09, for a total value of $2,854,500.00. Following the transaction, the chief executive officer now owns 362,990 shares in the company, valued at approximately $20,723,099.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian S. Posner bought 2,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, October 28th. The shares were acquired at an average price of $17.60 per share, for a total transaction of $35,200.00. Following the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $70,400. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

Arch Capital Group Profile

(Get Rating)

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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

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