Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,553 shares of the insurance provider's stock after purchasing an additional 5,481 shares during the quarter. Cerity Partners LLC's holdings in Arch Capital Group were worth $4,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Arch Capital Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock worth $3,878,663,000 after acquiring an additional 182,150 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Arch Capital Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after purchasing an additional 180,493 shares during the period. Nuveen Asset Management LLC boosted its holdings in Arch Capital Group by 1.9% in the fourth quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock valued at $451,499,000 after purchasing an additional 93,226 shares during the period. Northern Trust Corp boosted its holdings in Arch Capital Group by 11.3% in the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock valued at $448,895,000 after purchasing an additional 495,262 shares during the period. Finally, Norges Bank purchased a new stake in Arch Capital Group during the 4th quarter worth about $437,291,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer owned 795,718 shares of the company's stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the sale, the insider directly owned 140,023 shares in the company, valued at approximately $13,236,374.19. This trade represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,976 shares of company stock worth $10,531,038. Insiders own 4.20% of the company's stock.

Arch Capital Group Stock Down 0.3%

NASDAQ ACGL traded down $0.31 during trading hours on Friday, hitting $88.35. The company had a trading volume of 6,501,656 shares, compared to its average volume of 1,785,606. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a market capitalization of $33.11 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 6.17 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. The firm's 50 day moving average is $91.51 and its 200 day moving average is $91.91.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the previous year, the business posted $2.45 EPS. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. UBS Group boosted their target price on Arch Capital Group to $124.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $101.00 target price (down previously from $113.00) on shares of Arch Capital Group in a research report on Wednesday, July 9th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $113.60.

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.