Carderock Capital Management Inc. Decreases Holdings in Arch Capital Group Ltd. $ACGL

Carderock Capital Management Inc. decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,879 shares of the insurance provider’s stock after selling 9,893 shares during the period. Carderock Capital Management Inc.’s holdings in Arch Capital Group were worth $6,703,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WealthCollab LLC increased its stake in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Arch Capital Group in the third quarter valued at approximately $28,000. Grove Bank & Trust purchased a new position in Arch Capital Group in the fourth quarter valued at approximately $30,000. Aventura Private Wealth LLC bought a new position in Arch Capital Group during the fourth quarter valued at $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in Arch Capital Group by 426.0% during 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 during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore set a $100.00 target price on Arch Capital Group and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Wells Fargo & Company increased their price target on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. UBS Group restated a “buy” rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Finally, Mizuho upped their price objective on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.20.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.66 on Tuesday. The company has a market cap of $33.32 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $96.02 and a 200-day moving average price of $93.10. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39.

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

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares of the company’s stock, valued at $83,943,218.14. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction on Wednesday, February 11th. The stock was 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 $41,676,574.68. The trade was a 9.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 78,267 shares of company stock worth $7,291,637 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Arch Capital Group Company 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.