Arch Capital Group Ltd. $ACGL Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,433 shares of the insurance provider’s stock after selling 4,978 shares during the period. Bessemer Group Inc.’s holdings in Arch Capital Group were worth $2,852,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of Arch Capital Group by 426.0% in the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 311 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $37,000. Richardson Financial Services Inc. increased its stake in shares of Arch Capital Group by 63.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 162 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 414 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Trading Down 1.0%

NASDAQ ACGL opened at $100.95 on Monday. The company has a market cap of $36.61 billion, a P/E ratio of 9.44, a P/E/G ratio of 2.12 and a beta of 0.42. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The company has a 50-day moving average of $94.57 and a 200-day moving average of $91.57.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada set a $108.00 price objective on Arch Capital Group and gave the stock an “outperform” rating in a research report on Monday, November 24th. Roth Mkm set a $110.00 target price on shares of Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Mizuho set a $95.00 price target on shares of Arch Capital Group and gave the stock a “neutral” rating in a research note on Monday, December 15th. Finally, Morgan Stanley set a $125.00 price target on shares of Arch Capital Group in a report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.53.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares in the company, valued at $25,233,356.22. This trade represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction on Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares in the company, valued at $32,992,328.40. The trade was a 36.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 220,666 shares of company stock worth $20,728,673. 4.20% of the stock is currently owned by insiders.

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.