Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,637 shares of the insurance provider's stock after selling 19,347 shares during the quarter. Baird Financial Group Inc.'s holdings in Arch Capital Group were worth $6,339,000 as of its most recent SEC filing.

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

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares of the company's stock, valued at $73,588,000.64. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated 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 sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $0.02 on Friday, hitting $94.54. 1,278,394 shares of the company were exchanged, compared to its average volume of 1,729,541. The company has a 50-day moving average price of $92.22 and a 200 day moving average price of $93.83. The stock has a market capitalization of $35.52 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on ACGL shares. 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 research report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Morgan Stanley dropped their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company lifted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Barclays dropped their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $115.00.

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.