Squarepoint Ops LLC Trims Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Squarepoint Ops LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 70.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 78,975 shares of the insurance provider's stock after selling 185,699 shares during the period. Squarepoint Ops LLC's holdings in Arch Capital Group were worth $7,293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ACGL. Two Sigma Advisers LP acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at about $757,000. Two Sigma Investments LP grew its position in shares of Arch Capital Group by 229.8% during the 4th quarter. Two Sigma Investments LP now owns 107,467 shares of the insurance provider's stock valued at $9,925,000 after acquiring an additional 74,880 shares during the period. Tidal Investments LLC grew its position in shares of Arch Capital Group by 3.4% during the 4th quarter. Tidal Investments LLC now owns 25,349 shares of the insurance provider's stock valued at $2,341,000 after acquiring an additional 844 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at about $770,000. Finally, State of Wyoming grew its position in shares of Arch Capital Group by 24.8% during the 4th quarter. State of Wyoming now owns 5,418 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 1,076 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ACGL shares. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. UBS Group dropped their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Barclays dropped 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. Wells Fargo & Company raised their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to 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 Price Performance

ACGL traded up $0.41 during trading on Friday, reaching $94.61. The company's stock had a trading volume of 290,911 shares, compared to its average volume of 1,718,296. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $92.62 and a two-hundred day simple moving average of $93.20. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a market cap of $35.46 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.31 and a beta of 0.57.

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

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred 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 owns 140,023 shares of the company's stock, valued at approximately $12,742,093. The trade was a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the sale, the chief financial officer now directly owns 274,681 shares in the company, 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. Insiders have sold 123,576 shares of company stock valued at $11,586,638 in the last ninety days. 4.20% of the stock is currently owned by corporate 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.