Arch Capital Group Ltd. $ACGL Shares Sold by Ashford Capital Management Inc.

Key Points

• Ashford Capital Management Inc. has reduced its stake in Arch Capital Group Ltd. by 43.4%, selling 13,901 shares and leaving it with 18,141 shares valued at approximately $1.75 million.
• Other hedge funds have increased their positions in Arch Capital Group, with JPMorgan Chase & Co. boosting theirs by 30.5% during the same quarter, now holding over 7.47 million shares.
• Analysts have shown a positive outlook on Arch Capital Group, with a consensus rating of "Moderate Buy" and a target price of $111.27 based on various research reports.

Ashford Capital Management Inc. reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,141 shares of the insurance provider's stock after selling 13,901 shares during the period. Ashford Capital Management Inc.'s holdings in Arch Capital Group were worth $1,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new position in Arch Capital Group in the first quarter valued at $399,651,000. JPMorgan Chase & Co. boosted its holdings in Arch Capital Group by 30.5% in the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock valued at $718,522,000 after purchasing an additional 1,743,945 shares during the period. GAMMA Investing LLC boosted its holdings in 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 during the period. GQG Partners LLC purchased a new position in Arch Capital Group in the first quarter valued at $71,769,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods lifted their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Wells Fargo & Company decreased their price target on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Cantor Fitzgerald raised Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Finally, UBS Group reaffirmed a "buy" rating and set a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $111.27.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $1.58 on Wednesday, hitting $92.90. 2,049,759 shares of the company's stock were exchanged, compared to its average volume of 1,924,612. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The firm's 50-day moving average price is $89.57 and its two-hundred day moving average price is $91.24. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market cap of $34.67 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 5.60 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.28. The company had revenue of $4.35 billion for 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 previous year, the firm posted $2.57 EPS. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.10% 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.