Arch Capital Group Ltd. $ACGL Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors trimmed its stake in Arch Capital by 0.5% in Q3, selling 22,567 shares and now owns 4,134,929 shares (about 1.11%) valued at roughly $375.1 million, while institutional investors hold about 89.07% of the stock.
• Strong quarterly results: Arch reported $2.98 EPS (vs. $2.34 est.) and $4.93 billion in revenue for the quarter, yet analysts' consensus remains a "Hold" with a $109.20 target price.
• Notable insider selling: Insider John M. Pasquesi sold 203,866 shares (a 36.7% reduction) and insiders have sold 260,096 shares in the last 90 days worth ~$24.5 million, leaving insiders with about 4.20% ownership.

Dimensional Fund Advisors LP reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,134,929 shares of the insurance provider's stock after selling 22,567 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.11% of Arch Capital Group worth $375,129,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in Arch Capital Group by 426.0% in the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 311 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $37,000. Richardson Financial Services Inc. lifted its position in shares of Arch Capital Group by 63.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider's stock worth $38,000 after buying an additional 162 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider's stock valued at $43,000 after buying an additional 112 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 1.4%

Shares of ACGL stock opened at $97.07 on Friday. The company has a market capitalization of $34.54 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 3.96 and a beta of 0.40. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $96.27 and its two-hundred day moving average is $92.89. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The business had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the prior year, the business earned $2.26 earnings per share. Equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACGL. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the company an "in-line" rating in a research note on Wednesday, January 7th. Morgan Stanley set a $125.00 target price on Arch Capital Group in a research report on Friday, January 16th. Mizuho raised their price target on Arch Capital Group from $95.00 to $102.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $111.00 to $117.00 and gave the company a "neutral" rating in a research note on Wednesday, January 7th. Finally, Barclays set a $104.00 price objective on Arch Capital Group and gave the company an "equal weight" rating in a report on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $109.20.

Insiders Place Their Bets

In related news, insider John M. Pasquesi sold 203,866 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the transaction, the insider directly owned 351,356 shares of the company's stock, valued at $32,992,328.40. This represents a 36.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Maamoun Rajeh sold 47,430 shares of the firm's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the sale, the insider owned 433,589 shares of the company's stock, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 260,096 shares of company stock valued at $24,530,685. 4.20% of the stock is owned by insiders.

Arch Capital Group Company Profile

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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