Arch Capital Group Ltd. $ACGL Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,516 shares of the insurance provider’s stock after selling 7,369 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Arch Capital Group were worth $3,119,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. WCM Investment Management LLC raised its stake in shares of Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after purchasing an additional 171,693 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after buying an additional 360,626 shares during the last quarter. Invesco Ltd. boosted its position in Arch Capital Group by 2.3% in the second quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock valued at $372,168,000 after buying an additional 90,824 shares during the last quarter. First Trust Advisors LP increased its holdings in Arch Capital Group by 409.5% in the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after buying an additional 2,279,147 shares during the period. Finally, UBS Group AG increased its holdings in Arch Capital Group by 56.4% in the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after buying an additional 987,398 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the sale, the director directly owned 2,000 shares of the company’s stock, valued at approximately $34,220. This represents a 60.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the sale, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 78,267 shares of company stock valued at $7,291,637. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group Trading Up 0.4%

Shares of NASDAQ:ACGL opened at $95.99 on Wednesday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The company has a market capitalization of $34.20 billion, a PE ratio of 8.26, a PEG ratio of 3.90 and a beta of 0.40. The business has a 50 day moving average of $96.42 and a two-hundred day moving average of $93.23. 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, topping analysts’ consensus estimates of $2.34 by $0.64. The business 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 quarter last year, the company earned $2.26 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ACGL. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research note on Friday, January 16th. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada raised their target price on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Nine 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 stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and an average price target of $109.20.

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.