Charles Schwab Investment Management Inc. Sells 3,833 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Arch Capital Group Ltd. by selling 3,833 shares, lowering their ownership to 2,051,645 shares valued at approximately $197.3 million.
• Notable institutional investor activity includes First Trust Advisors LP increasing its stake by 663.3%, acquiring an additional 2,139,782 shares valued at $227.4 million.
• Analysts have mixed ratings on Arch Capital Group, with an average price target of $113.07, and reports indicate the stock has an "overweight" rating from Wells Fargo.

Charles Schwab Investment Management Inc. lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,051,645 shares of the insurance provider's stock after selling 3,833 shares during the period. Charles Schwab Investment Management Inc. owned 0.55% of Arch Capital Group worth $197,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ACGL. First Trust Advisors LP raised its stake in Arch Capital Group by 663.3% in the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after acquiring an additional 2,139,782 shares during the period. Marshall Wace LLP bought a new stake in Arch Capital Group in the 4th quarter valued at $151,342,000. GAMMA Investing LLC raised its stake in Arch Capital Group by 10,817.9% in the 1st quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock valued at $775,380,000 after acquiring an additional 798,797 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Arch Capital Group by 17.1% in the 4th 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 acquiring an additional 522,484 shares during the period. Finally, Deutsche Bank AG raised its stake in Arch Capital Group by 31.1% in the 4th quarter. Deutsche Bank AG now owns 2,098,619 shares of the insurance provider's stock valued at $193,807,000 after acquiring an additional 498,426 shares during the period. Institutional investors own 89.07% of the company's stock.

Insider Activity

In related news, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider directly owned 579,218 shares of the company's stock, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer directly owned 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.20% of the company's stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. UBS Group reiterated a "buy" rating and set a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Finally, Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $113.07.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $88.83 on Friday. The stock's 50-day simple moving average is $89.84 and its 200 day simple moving average is $91.39. The firm has a market capitalization of $33.15 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 6.63 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates 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 period last year, the firm posted $2.57 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

About Arch Capital Group

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.

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