Arch Capital Group Ltd. $ACGL Shares Sold by Adalta Capital Management LLC

Key Points

• Adalta Capital Management LLC has reduced its stake in Arch Capital Group by 7.8%, now holding 50,967 shares valued at approximately $4.9 million.
• Insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group at an average price of $94.15, decreasing his position by 2.25%.
• Arch Capital Group reported strong earnings of $2.58 per share for the last quarter, exceeding analyst estimates by $0.28, and had a revenue of $4.35 billion.

Adalta Capital Management LLC trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,967 shares of the insurance provider's stock after selling 4,307 shares during the period. Arch Capital Group comprises 2.6% of Adalta Capital Management LLC's holdings, making the stock its 13th largest position. Adalta Capital Management LLC's holdings in Arch Capital Group were worth $4,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Arch Capital Group by 30.5% during the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock worth $718,522,000 after acquiring an additional 1,743,945 shares during the period. Northern Trust Corp grew its holdings in Arch Capital Group by 3.0% during the first quarter. Northern Trust Corp now owns 5,005,790 shares of the insurance provider's stock worth $481,457,000 after acquiring an additional 144,986 shares during the period. Nuveen Asset Management LLC boosted its position in Arch Capital Group by 1.9% during the fourth quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after purchasing an additional 93,226 shares in the last quarter. Madison Asset Management LLC raised its stake in shares of Arch Capital Group by 9.0% during the 1st quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider's stock worth $465,281,000 after buying an additional 397,857 shares during the period. Finally, Egerton Capital UK LLP raised its stake in shares of Arch Capital Group by 8.5% during the 1st quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider's stock worth $415,999,000 after buying an additional 337,245 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Finally, Citigroup began coverage on Arch Capital Group in a report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $111.27.

Arch Capital Group Trading Down 1.0%

Shares of ACGL stock opened at $91.29 on Monday. The business's 50 day moving average is $89.70 and its two-hundred day moving average is $91.34. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a market capitalization of $34.07 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 5.59 and a beta of 0.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business posted $2.57 EPS. Equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.

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