Arch Capital Group Ltd. $ACGL Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Key Points

• Grantham Mayo Van Otterloo & Co. cut its stake in Arch Capital Group (NASDAQ:ACGL) by 14.5% in Q3, selling 29,791 shares and leaving it with 175,617 shares worth about $15.93 million.
• Company insiders have been net sellers recently — Maamoun Rajeh sold 47,430 shares (~$4.56M) and John M. Pasquesi sold 8,800 shares (~$828.7k); insiders sold 260,096 shares (~$24.53M) in the last quarter and now own 4.20% of the stock.
• Arch reported a quarterly EPS beat ($2.98 vs. $2.34 est.) and revenue of $4.93B (vs. $3.94B est.), while analysts’ consensus remains a "Hold" with an average target price of $109.20.

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,617 shares of the insurance provider's stock after selling 29,791 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Arch Capital Group were worth $15,934,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, insider Maamoun Rajeh sold 47,430 shares of the business's stock in a transaction on 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 transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John M. Pasquesi sold 8,800 shares of the company's stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the completion of the transaction, the insider owned 289,556 shares of the company's stock, valued at $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 260,096 shares of company stock worth $24,530,685 in the last quarter. Insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

ACGL stock opened at $97.21 on Monday. The firm has a market cap of $34.59 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 3.90 and a beta of 0.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The stock has a 50-day simple moving average of $96.30 and a 200-day simple moving average of $92.95.

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. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the previous year, the company posted $2.26 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACGL. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an "overweight" rating in a research note on Wednesday, February 11th. Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a research report on Friday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 7th. Finally, UBS Group reiterated a "buy" rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $109.20.

About Arch Capital Group

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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