Mutual of America Capital Management LLC Sells 2,255 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mutual of America Capital Management LLC decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,920 shares of the insurance provider’s stock after selling 2,255 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arch Capital Group were worth $3,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Cambridge Investment Research Advisors Inc. lifted its stake in Arch Capital Group by 3.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,800 shares of the insurance provider’s stock valued at $1,152,000 after purchasing an additional 799 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Arch Capital Group by 27.1% during the first quarter. HighTower Advisors LLC now owns 34,331 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 7,316 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Arch Capital Group by 33.0% during the first quarter. Cetera Advisor Networks LLC now owns 6,567 shares of the insurance provider’s stock valued at $318,000 after acquiring an additional 1,631 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Arch Capital Group by 12.3% during the first quarter. Private Advisor Group LLC now owns 14,025 shares of the insurance provider’s stock valued at $679,000 after acquiring an additional 1,537 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Arch Capital Group during the first quarter valued at $76,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.2 %

NASDAQ:ACGL opened at $90.86 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $34.09 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.12 and a beta of 0.57. The firm has a fifty day simple moving average of $89.07 and a two-hundred day simple moving average of $83.79. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period last year, the company posted $2.14 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,689 shares of company stock worth $11,872,217. 4.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ACGL has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and set a $100.00 price target on shares of Arch Capital Group in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, UBS Group decreased their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.23.

Arch Capital Group Company Profile

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; 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.