Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 50.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,315 shares of the insurance provider's stock after selling 50,267 shares during the quarter. Nisa Investment Advisors LLC's holdings in Arch Capital Group were worth $4,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC grew its holdings in Arch Capital Group by 3.8% in the 1st quarter. Axxcess Wealth Management LLC now owns 69,468 shares of the insurance provider's stock valued at $6,681,000 after buying an additional 2,530 shares during the period. Greenleaf Trust grew its holdings in Arch Capital Group by 18.5% in the 1st quarter. Greenleaf Trust now owns 2,957 shares of the insurance provider's stock valued at $284,000 after buying an additional 461 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Arch Capital Group by 4.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 176,530 shares of the insurance provider's stock valued at $16,622,000 after buying an additional 7,695 shares during the period. M&T Bank Corp grew its holdings in Arch Capital Group by 1.8% in the 1st quarter. M&T Bank Corp now owns 74,687 shares of the insurance provider's stock valued at $7,183,000 after buying an additional 1,334 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in Arch Capital Group by 24.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock valued at $3,619,000 after buying an additional 7,448 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Down 0.8%

Arch Capital Group stock traded down $0.72 during midday trading on Friday, hitting $87.84. 1,943,647 shares of the company were exchanged, compared to its average volume of 1,738,028. The company's fifty day moving average price is $91.96 and its 200-day moving average price is $92.02. The company has a market cap of $32.92 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 6.12 and a beta of 0.51. 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 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 earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period in the previous year, the company earned $2.45 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACGL. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Barclays reduced their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group lifted their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company lifted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the company an "overweight" rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $113.60.

Insiders Place Their Bets

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 value of $1,194,545.40. Following the transaction, the chief financial officer directly owned 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 579,218 shares in the company, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,976 shares of company stock valued at $10,531,038. Company insiders own 4.20% of the company's stock.

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.