Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC significantly reduced its holdings in Arch Capital Group by 93.3%, selling 30,253 shares and retaining only 2,183 shares, valued at $210,000.
• Multiple institutional investors made substantial changes to their positions in Arch Capital Group, with First Trust Advisors LP increasing its holdings by 663.3% and GAMMA Investing LLC expanding by an astonishing 10,817.9% in the first quarter.
• Analysts have mixed opinions on Arch Capital Group, with eight ratings categorized as hold and nine as buy, leading to an average rating of "Moderate Buy" and a consensus price target of $113.07.

New Age Alpha Advisors LLC lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 93.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,183 shares of the insurance provider's stock after selling 30,253 shares during the period. New Age Alpha Advisors LLC's holdings in Arch Capital Group were worth $210,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ACGL. First Trust Advisors LP grew its holdings in shares of 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 in the last quarter. Marshall Wace LLP acquired a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $151,342,000. GAMMA Investing LLC grew its holdings in shares of Arch Capital Group by 10,817.9% in the first quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock valued at $775,380,000 after purchasing an additional 798,797 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Arch Capital Group by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,576,223 shares of the insurance provider's stock valued at $330,264,000 after purchasing an additional 522,484 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Arch Capital Group by 31.1% in the fourth quarter. Deutsche Bank AG now owns 2,098,619 shares of the insurance provider's stock valued at $193,807,000 after purchasing an additional 498,426 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ACGL shares. UBS Group restated a "buy" rating and issued a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Jefferies Financial Group cut shares of Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods boosted their price target on shares of Arch Capital Group from $101.00 to $102.00 and gave the stock a "market perform" rating in a report on Tuesday, August 5th. Finally, Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a report 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $113.07.

Arch Capital Group Stock Down 0.0%

ACGL stock opened at $88.83 on Friday. The company has a fifty day moving average price of $89.84 and a 200 day moving average price of $91.39. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 6.63 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider John M. Pasquesi sold 75,060 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the sale, the insider owned 579,218 shares in the company, valued at $54,452,284.18. This represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 274,681 shares of the company's stock, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

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.

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