Arch Capital Group Ltd. $ACGL Shares Sold by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. cut its stake in Arch Capital Group by 39.3%, owning 20,919 shares valued at approximately $2,012,000 after selling 13,546 shares in the 1st quarter.
• Arch Capital Group reported $2.58 EPS for the last quarter, exceeding analysts' expectations, with a total revenue of $4.35 billion.
• The stock has an average rating of "Moderate Buy" from analysts, with a price target averaging $112.13.

Northwest & Ethical Investments L.P. trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 39.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,919 shares of the insurance provider's stock after selling 13,546 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Arch Capital Group were worth $2,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACGL. Capital A Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth $25,000. Meeder Asset Management Inc. boosted its position in shares of Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter worth $27,000. Wayfinding Financial LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter worth $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group during the 1st quarter worth $37,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.1%

NASDAQ:ACGL traded down $0.13 on Friday, reaching $93.41. The stock had a trading volume of 1,820,208 shares, compared to its average volume of 2,271,198. The company has a market cap of $34.86 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 5.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The firm's fifty day moving average is $89.45 and its two-hundred day moving average is $91.21. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Cowen restated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. JMP Securities restated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Finally, Citigroup assumed coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They set a "buy" rating and a $113.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $111.27.

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.