The Manufacturers Life Insurance Company Decreases Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

The Manufacturers Life Insurance Company decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,747 shares of the insurance provider's stock after selling 47,136 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Arch Capital Group worth $23,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Arch Capital Group in the fourth quarter worth about $58,000. Aquatic Capital Management LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $2,896,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $1,598,000. Virtus ETF Advisers LLC grew its holdings in shares of Arch Capital Group by 19.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 10,893 shares of the insurance provider's stock valued at $1,006,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in Arch Capital Group in the fourth quarter worth $1,184,000. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ACGL shares. Royal Bank of Canada lowered their price objective on shares of 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. Jefferies Financial Group lifted their price target on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Barclays reduced their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $115.00.

Arch Capital Group Trading Up 0.5 %

Shares of NASDAQ:ACGL traded up $0.42 during trading on Tuesday, reaching $93.00. 1,387,497 shares of the company were exchanged, compared to its average volume of 1,723,867. The business's fifty day simple moving average is $92.12 and its 200-day simple moving average is $94.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The firm has a market capitalization of $34.94 billion, a PE ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.57.

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

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.20% of the company's stock.

About Arch Capital Group

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.