Capital International Inc. CA Sells 55,996 Shares of Arch Capital Group Ltd. $ACGL

Capital International Inc. CA reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 45.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,257 shares of the insurance provider’s stock after selling 55,996 shares during the quarter. Capital International Inc. CA’s holdings in Arch Capital Group were worth $6,011,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ACGL. Cornerstone Planning Group LLC raised its stake in 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 purchasing an additional 311 shares in the last quarter. Quent Capital LLC acquired a new stake in Arch Capital Group during the third quarter worth about $37,000. Richardson Financial Services Inc. increased its holdings in Arch Capital Group by 63.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after buying an additional 162 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at approximately $54,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 1.4%

Shares of Arch Capital Group stock opened at $94.81 on Thursday. The firm’s 50 day moving average is $96.25 and its 200 day moving average is $93.00. The firm has a market capitalization of $33.73 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 3.87 and a beta of 0.40. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the firm earned $2.26 EPS. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACGL. UBS Group reaffirmed a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research 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 research note on Thursday, February 12th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.20.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 47,430 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of the 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 of the company’s stock, valued at $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 260,096 shares of company stock valued at $24,530,685 over the last quarter. Company insiders own 4.20% of the company’s stock.

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.