Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its stake in Arch Capital Group by 15.5%, selling 5,499 shares, bringing its holdings to 30,016 shares valued at approximately $2.89 million.
• Insider trading revealed that CFO Francois Morin sold 12,630 shares worth over $1.19 million, decreasing his ownership of the stock by 4.4%.
• The stock has a current market cap of $33.15 billion and reported earnings of $2.58 per share, exceeding analysts' expectations by $0.28.

Mizuho Securities USA LLC trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,016 shares of the insurance provider's stock after selling 5,499 shares during the quarter. Mizuho Securities USA LLC's holdings in Arch Capital Group were worth $2,887,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer owned 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by insiders.

Arch Capital Group Trading Down 0.0%

Shares of NASDAQ ACGL opened at $88.83 on Monday. The stock has a market cap of $33.15 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 5.47 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The business has a 50 day simple moving average of $89.84 and a 200 day simple moving average of $91.38. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $113.07.

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.

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