Arch Capital Group Ltd. $ACGL Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,939 shares of the insurance provider’s stock after selling 992 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Arch Capital Group were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in Arch Capital Group in the first quarter worth $399,651,000. JPMorgan Chase & Co. lifted its stake in Arch Capital Group by 30.5% in the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock valued at $718,522,000 after buying an additional 1,743,945 shares in the last quarter. GQG Partners LLC purchased a new stake in Arch Capital Group in the 1st quarter valued at approximately $71,769,000. Champlain Investment Partners LLC acquired a new stake in Arch Capital Group during the 1st quarter valued at $48,040,000. Finally, Amundi increased its position in Arch Capital Group by 32.3% during the first quarter. Amundi now owns 1,683,211 shares of the insurance provider’s stock worth $162,060,000 after buying an additional 410,825 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL stock opened at $91.79 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $101.66. The stock’s 50 day moving average is $89.42 and its two-hundred day moving average is $90.43. The company has a market capitalization of $33.29 billion, a PE ratio of 8.59, a P/E/G ratio of 3.24 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the business posted $1.99 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares of the company’s stock, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of recent research reports. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the company an “equal weight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. UBS Group reiterated a “buy” rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Morgan Stanley increased their target price on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.75.

Arch Capital Group 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.