USS Investment Management Ltd Has $5.38 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

USS Investment Management Ltd decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,267 shares of the insurance provider's stock after selling 6,344 shares during the period. USS Investment Management Ltd's holdings in Arch Capital Group were worth $5,381,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ACGL. Norges Bank bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $437,291,000. Madison Investment Advisors LLC acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $410,010,000. First Trust Advisors LP increased its holdings in Arch Capital Group by 663.3% in the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after purchasing an additional 2,139,782 shares during the last quarter. Marshall Wace LLP bought a new stake in Arch Capital Group in the fourth quarter valued at about $151,342,000. Finally, Swedbank AB lifted its stake in Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock valued at $116,542,000 after buying an additional 919,793 shares during the period. Institutional investors own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, the chief executive officer now owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,576 shares of company stock valued at $11,586,638. Insiders own 4.20% of the company's stock.

Analyst Ratings Changes

ACGL has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Barclays decreased their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Stock Up 0.1%

Shares of NASDAQ ACGL traded up $0.10 during midday trading on Monday, reaching $92.07. The company's stock had a trading volume of 977,016 shares, compared to its average volume of 1,725,197. The stock has a 50 day simple moving average of $92.58 and a 200-day simple moving average of $93.30. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $34.50 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. Arch Capital Group's revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.