Atria Investments Inc Has $2.87 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

Atria Investments Inc lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,672 shares of the insurance provider’s stock after selling 8,774 shares during the quarter. Atria Investments Inc’s holdings in Arch Capital Group were worth $2,874,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Arch Capital Group during the second quarter worth $441,551,000. Cooke & Bieler LP bought a new position in Arch Capital Group during the third quarter worth about $210,856,000. Ameriprise Financial Inc. lifted its holdings in Arch Capital Group by 289.1% during the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock worth $124,615,000 after acquiring an additional 1,016,919 shares in the last quarter. Champlain Investment Partners LLC grew its stake in Arch Capital Group by 109.3% in the second quarter. Champlain Investment Partners LLC now owns 1,045,262 shares of the insurance provider’s stock valued at $95,171,000 after acquiring an additional 545,777 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Arch Capital Group by 99.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,029,515 shares of the insurance provider’s stock worth $93,408,000 after acquiring an additional 512,879 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the topic of several recent analyst reports. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a report on Friday, January 16th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a report on Thursday. Mizuho lifted their price target on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.27.

Arch Capital Group Trading Down 1.5%

Arch Capital Group stock opened at $98.38 on Tuesday. The company has a market cap of $35.68 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 3.94 and a beta of 0.42. The firm has a 50-day moving average of $95.28 and a 200-day moving average of $92.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.55. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter in the prior year, the company posted $2.26 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the sale, the insider owned 289,556 shares in the company, valued at $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. This trade represents a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 268,096 shares of company stock worth $25,287,645 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Arch Capital Group Profile

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.