Barclays PLC Raises Position in Arch Capital Group Ltd. $ACGL

Key Points

• Barclays PLC increased its stake in Arch Capital Group by 14.6% in Q3 to 1,498,663 shares—about a 0.40% ownership worth roughly $135.97 million.
• Insiders sold 260,096 shares over the last quarter (totaling $24.53 million), including John M. Pasquesi's sale of 203,866 shares, reducing insider ownership to 4.20%.
• Arch beat expectations with quarterly EPS of $2.98 vs. $2.34 expected and revenue of $4.93 billion vs. $3.94 billion, while the stock trades at a P/E of 8.37 and carries a MarketBeat consensus "Hold" with an average target of $109.20.

Barclays PLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,498,663 shares of the insurance provider's stock after buying an additional 191,026 shares during the period. Barclays PLC owned about 0.40% of Arch Capital Group worth $135,974,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in shares of Arch Capital Group by 426.0% in the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 311 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Arch Capital Group during the third quarter worth approximately $37,000. Richardson Financial Services Inc. increased its position in shares of Arch Capital Group by 63.3% during the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider's stock worth $38,000 after purchasing an additional 162 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 112 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in Arch Capital Group in the 3rd quarter valued at $54,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, insider John M. Pasquesi sold 203,866 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the transaction, the insider directly owned 351,356 shares in the company, valued at $32,992,328.40. This represents a 36.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 260,096 shares of company stock valued at $24,530,685 over the last quarter. Insiders own 4.20% of the company's stock.

Arch Capital Group Stock Up 0.1%

Shares of Arch Capital Group stock opened at $97.21 on Friday. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The firm has a fifty day moving average of $96.30 and a two-hundred day moving average of $92.95. The company has a market cap of $34.59 billion, a P/E ratio of 8.37, a PEG ratio of 3.91 and a beta of 0.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $3.94 billion. During the same period in the prior year, the company posted $2.26 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a "sell" rating and set a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Weiss Ratings upgraded shares of Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the stock a "buy" rating in a research note on Tuesday, December 2nd. Mizuho upped their price objective on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $109.20.

About Arch Capital Group

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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