Axa S.A. Has $3.55 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Axa S.A. trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 80.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,382 shares of the insurance provider's stock after selling 156,986 shares during the quarter. Axa S.A.'s holdings in Arch Capital Group were worth $3,545,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group during the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd boosted its holdings in shares of Arch Capital Group by 125.6% during the fourth 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. Quarry LP acquired a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $58,000. Finally, UMB Bank n.a. increased its stake in shares of Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction 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 completion of the transaction, the insider now 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Trading Down 0.3 %

NASDAQ ACGL opened at $92.69 on Thursday. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The business's fifty day moving average is $92.13 and its 200 day moving average is $94.19. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.83 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

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

Analysts Set New Price Targets

A number of research analysts have commented on ACGL shares. Royal Bank of Canada decreased their price objective 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. Jefferies Financial Group raised their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Morgan Stanley cut their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Barclays cut their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $115.00.

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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