Price T Rowe Associates Inc. MD Trims Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Price T Rowe Associates Inc. MD trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 641,973 shares of the insurance provider's stock after selling 107,941 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.17% of Arch Capital Group worth $59,287,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the fourth quarter valued at $42,000. Y.D. More Investments Ltd grew its holdings in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after acquiring an additional 260 shares during the period. UMB Bank n.a. raised its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 291 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent analyst reports. UBS Group dropped their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Jefferies Financial Group increased their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded down $1.01 during midday trading on Thursday, reaching $89.67. The company's stock had a trading volume of 1,861,546 shares, compared to its average volume of 1,727,627. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock has a market capitalization of $33.69 billion, a P/E ratio of 8.01, a PEG ratio of 2.31 and a beta of 0.36. The firm has a 50 day moving average price of $92.02 and a 200-day moving average price of $94.62. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated 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 completion of the sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group 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.