Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Ossiam

Ossiam lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 321,671 shares of the insurance provider’s stock after selling 12,154 shares during the quarter. Ossiam’s holdings in Arch Capital Group were worth $23,891,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Schroder Investment Management Group grew its position in shares of Arch Capital Group by 12.6% during the fourth quarter. Schroder Investment Management Group now owns 695,327 shares of the insurance provider’s stock worth $51,642,000 after buying an additional 77,811 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth approximately $412,000. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth approximately $342,000. American International Group Inc. grew its position in shares of Arch Capital Group by 0.9% during the fourth quarter. American International Group Inc. now owns 102,631 shares of the insurance provider’s stock worth $7,622,000 after buying an additional 941 shares in the last quarter. Finally, Cibc World Markets Corp lifted its stake in Arch Capital Group by 44.5% during the fourth quarter. Cibc World Markets Corp now owns 86,535 shares of the insurance provider’s stock worth $6,427,000 after purchasing an additional 26,636 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACGL. Evercore ISI raised their price objective on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Morgan Stanley raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company raised their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Get Our Latest Analysis on ACGL

Insider Activity

In other news, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.49 during trading hours on Friday, reaching $100.57. 803,535 shares of the company’s stock traded hands, compared to its average volume of 1,859,695. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 1.87 and a beta of 0.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. Arch Capital Group Ltd. has a twelve month low of $69.49 and a twelve month high of $103.79. The business’s fifty day simple moving average is $96.46 and its two-hundred day simple moving average is $87.53.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.51 earnings per share for the current year.

Arch Capital Group Profile

(Free Report)

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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