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

Continuum Advisory LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 98.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 552 shares of the insurance provider's stock after selling 38,540 shares during the quarter. Continuum Advisory LLC's holdings in Arch Capital Group were worth $53,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACGL. Oregon Public Employees Retirement Fund grew its stake in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after buying an additional 110 shares during the last quarter. Cim LLC grew its stake in shares of Arch Capital Group by 1.1% during the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after buying an additional 124 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after buying an additional 126 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after buying an additional 127 shares during the last quarter. Finally, Aurora Investment Managers LLC. grew its stake in shares of Arch Capital Group by 0.6% during the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock valued at $2,167,000 after buying an additional 135 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 16,650 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the sale, the insider now directly owns 140,023 shares in the company, valued at $13,236,374.19. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider now owns 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,976 shares of company stock worth $10,531,038. Insiders own 4.10% of the company's stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $0.03 during trading on Friday, reaching $90.32. 2,285,246 shares of the company traded hands, compared to its average volume of 1,693,748. The firm's fifty day simple moving average is $92.39 and its 200 day simple moving average is $92.16. The stock has a market cap of $33.85 billion, a P/E ratio of 9.25, a PEG ratio of 6.24 and a beta of 0.53. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released 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). The company had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of analyst reports. UBS Group upped their target price on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Wells Fargo & Company increased their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.63.

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.