Arch Capital Group Ltd. (NASDAQ:ACGL) is Marshfield Associates' 10th Largest Position

Marshfield Associates trimmed its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,564,740 shares of the insurance provider's stock after selling 807,997 shares during the quarter. Arch Capital Group comprises 5.1% of Marshfield Associates' portfolio, making the stock its 10th largest position. Marshfield Associates owned about 0.68% of Arch Capital Group worth $236,854,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock worth $18,203,000 after purchasing an additional 6,663 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. bought a new stake in Arch Capital Group in the fourth quarter valued at $366,000. Northstar Group Inc. grew its position in Arch Capital Group by 5.1% in the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock worth $11,285,000 after purchasing an additional 5,947 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Arch Capital Group by 33.7% during the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock worth $57,631,000 after acquiring an additional 157,197 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Down 1.5 %

NASDAQ ACGL opened at $90.68 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The stock has a market capitalization of $34.07 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The stock has a fifty day moving average of $91.85 and a 200-day moving average of $94.97.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the company posted $2.45 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACGL shares. Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. UBS Group dropped their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Barclays cut their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Company Profile

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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