Arch Capital Group Ltd. $ACGL Shares Sold by Principal Financial Group Inc.

Key Points

• Principal Financial Group cut its stake in Arch Capital by 12.0%, selling 620,231 shares and now holding 4,528,160 shares (about 1.25% of the company) valued at $434.35 million.
• Arch reported quarterly EPS of $2.50 and has a market cap of $33.36 billion with a P/E of 7.19; analysts have a consensus "Hold" rating with a $106.61 target after several recent price-target increases.
• Insider activity showed CEO Nicolas Papadopoulo sold 21,930 shares (~$2.11M) while a director bought 5,300 shares, and insiders were net sellers of 78,267 shares (~$7.29M) in the last quarter.

Principal Financial Group Inc. cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,528,160 shares of the insurance provider's stock after selling 620,231 shares during the period. Principal Financial Group Inc. owned approximately 1.25% of Arch Capital Group worth $434,345,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC lifted its position in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider's stock worth $1,214,987,000 after purchasing an additional 171,693 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Arch Capital Group by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider's stock worth $743,168,000 after purchasing an additional 360,626 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider's stock worth $257,278,000 after purchasing an additional 2,279,147 shares in the last quarter. UBS Group AG lifted its position in shares of Arch Capital Group by 56.4% during the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider's stock worth $248,466,000 after purchasing an additional 987,398 shares in the last quarter. Finally, Marshfield Associates lifted its position in shares of Arch Capital Group by 5.5% during the third quarter. Marshfield Associates now owns 2,724,635 shares of the insurance provider's stock worth $247,206,000 after purchasing an additional 141,223 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Trading Down 0.2%

Shares of Arch Capital Group stock opened at $93.65 on Tuesday. The company has a fifty day simple moving average of $96.37 and a 200-day simple moving average of $94.23. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15. The stock has a market cap of $33.36 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 5.12 and a beta of 0.35.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, equities analysts forecast that Arch Capital Group Ltd. will post 9.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $104.00 to $105.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 7th. Wells Fargo & Company increased their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Barclays increased their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 8th. Citigroup increased their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, UBS Group reissued a "buy" rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $106.61.

Insider Buying and Selling at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares in the company, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares of the company's stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 78,267 shares of company stock valued at $7,291,637. 3.30% of the stock is owned by company insiders.

Arch Capital Group 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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