Arch Capital Group Ltd. $ACGL Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard trimmed its stake in Arch Capital by 2.4% in Q4, selling 1,024,436 shares and now holds 41,288,784 shares (about 11.39%) valued at roughly $3.96 billion.
• Insiders have been net sellers recently—78,267 shares sold worth $7.29 million over the last quarter (insiders now own 3.30%), including transactions by David Gansberg and director Brian S. Posner.
• Analysts are mixed: the consensus rating is a Hold with an average price target of $108.93, even as Arch beat quarterly EPS estimates ($2.98 vs. $2.34) and trades at a PE of 8.29 with a $34.33 billion market cap.

Vanguard Group Inc. lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,288,784 shares of the insurance provider's stock after selling 1,024,436 shares during the period. Vanguard Group Inc. owned approximately 11.39% of Arch Capital Group worth $3,960,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC lifted its stake in Arch Capital Group by 1.3% during the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider's stock worth $1,214,987,000 after acquiring an additional 171,693 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Arch Capital Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider's stock worth $743,168,000 after acquiring an additional 360,626 shares in the last quarter. First Trust Advisors LP increased its holdings in Arch Capital Group by 409.5% during the 3rd 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 during the period. UBS Group AG increased its holdings in Arch Capital Group by 56.4% during the 3rd 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 during the period. Finally, Marshfield Associates increased its holdings in Arch Capital Group by 5.5% during the 3rd 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 during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Transactions at Arch Capital Group

In related news, insider David Gansberg sold 5,907 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider owned 336,559 shares in the company, valued at $32,434,190.83. This trade represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total value of $51,330.00. Following the transaction, the director owned 2,000 shares in the company, valued at $34,220. This represents a 60.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ACGL has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Arch Capital Group from $117.00 to $110.00 and set a "neutral" rating on the stock in a report on Monday, April 20th. Citigroup restated a "buy" rating and set a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Weiss Ratings upgraded Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 4th. Wells Fargo & Company upped their price target on Arch Capital Group from $106.00 to $109.00 and gave the stock an "overweight" rating in a report on Wednesday, February 11th. Finally, UBS Group restated a "buy" rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $108.93.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $96.35 on Tuesday. 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 fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm has a market capitalization of $34.33 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 4.79 and a beta of 0.41. The stock's 50-day simple moving average is $96.60 and its 200-day simple moving average is $94.18.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share 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 for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the company earned $2.26 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

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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