Cetera Investment Advisers trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,146 shares of the insurance provider's stock after selling 6,643 shares during the quarter. Cetera Investment Advisers' holdings in Arch Capital Group were worth $3,984,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock worth $3,878,663,000 after buying an additional 182,150 shares during the period. Geode Capital Management LLC grew its holdings in Arch Capital Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock worth $1,014,648,000 after acquiring an additional 180,493 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Arch Capital Group by 10.5% in the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after acquiring an additional 783,506 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after acquiring an additional 226,617 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Arch Capital Group by 11.3% during the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock valued at $448,895,000 after acquiring an additional 495,262 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Morgan Stanley upped their target price on Arch Capital Group from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday. JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Barclays decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.00.
Read Our Latest Research Report on Arch Capital Group
Insider Buying and Selling at Arch Capital Group
In other Arch Capital Group news, insider Louis T. Petrillo sold 16,650 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at approximately $13,236,374.19. This trade represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider now owns 579,218 shares in the company, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,946 shares of company stock valued at $10,392,092. Company insiders own 4.20% of the company's stock.
Arch Capital Group Trading Up 0.6%
Arch Capital Group stock traded up $0.57 during midday trading on Monday, reaching $95.16. The stock had a trading volume of 1,315,929 shares, compared to its average volume of 1,731,699. 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 firm has a market cap of $35.66 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a fifty day moving average of $92.47 and a 200 day moving average of $93.46.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.
About Arch Capital Group
(
Free Report)
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.
Recommended Stories
Before you consider Arch Capital Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arch Capital Group wasn't on the list.
While Arch Capital Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
