Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,069,972 shares of the insurance provider's stock after selling 280,896 shares during the period. Arch Capital Group accounts for approximately 0.8% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 11th biggest holding. Allspring Global Investments Holdings LLC owned 1.35% of Arch Capital Group worth $487,427,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after acquiring an additional 110 shares during the last quarter. Cim LLC boosted its stake in shares of Arch Capital Group by 1.1% during the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after acquiring an additional 124 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after acquiring an additional 126 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after acquiring an additional 127 shares during the last quarter. Finally, Aurora Investment Managers LLC. boosted its stake in shares of Arch Capital Group by 0.6% during the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock valued at $2,167,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACGL. Barclays reduced their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. increased their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. JMP Securities reiterated 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, Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.63.

Arch Capital Group Trading Up 0.0%

Shares of Arch Capital Group stock traded up $0.03 during trading hours on Friday, reaching $90.32. The stock had a trading volume of 2,285,246 shares, compared to its average volume of 1,693,748. The firm has a 50 day simple moving average of $92.39 and a two-hundred day simple moving average of $92.18. The firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 6.24 and a beta of 0.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.45 earnings per share. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 16,650 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the sale, the insider now directly owns 140,023 shares in the company, valued at approximately $13,236,374.19. This trade represents a 10.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,976 shares of company stock worth $10,531,038. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Profile

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.