Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Continuum Advisory LLC

Continuum Advisory LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 98.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552 shares of the insurance provider's stock after selling 38,540 shares during the period. Continuum Advisory LLC's holdings in Arch Capital Group were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rodgers & Associates LTD lifted its position in shares of Arch Capital Group by 11.8% in the first quarter. Rodgers & Associates LTD now owns 11,196 shares of the insurance provider's stock valued at $1,077,000 after acquiring an additional 1,182 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Arch Capital Group by 0.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 62,844 shares of the insurance provider's stock worth $6,044,000 after purchasing an additional 240 shares during the last quarter. Channing Global Advisors LLC grew its holdings in shares of Arch Capital Group by 95.9% during the first quarter. Channing Global Advisors LLC now owns 11,905 shares of the insurance provider's stock worth $1,145,000 after buying an additional 5,827 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Arch Capital Group in the first quarter worth about $1,009,000. Finally, Nilsine Partners LLC boosted its position in Arch Capital Group by 13.7% during the first quarter. Nilsine Partners LLC now owns 30,569 shares of the insurance provider's stock worth $2,940,000 after acquiring an additional 3,695 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insiders Place Their Bets

In related news, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction on 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 completion of the transaction, the insider now directly owns 579,218 shares in the company, valued at approximately $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,194,545.40. Following the sale, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,976 shares of company stock worth $10,531,038 over the last three months. Company insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 1.2%

Shares of NASDAQ:ACGL traded up $1.06 during mid-day trading on Thursday, reaching $90.29. 1,530,282 shares of the company were exchanged, compared to its average volume of 1,696,702. The firm has a market cap of $33.84 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 6.29 and a beta of 0.53. 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 1 year low of $82.49 and a 1 year high of $116.47. The firm's 50-day simple moving average is $92.48 and its 200 day simple moving average is $92.25.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share 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 firm 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 firm posted $2.45 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Barclays cut their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average target price of $114.63.

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.