Cwm LLC Decreases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cwm LLC reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,321 shares of the insurance provider's stock after selling 2,996 shares during the quarter. Cwm LLC owned about 0.07% of Arch Capital Group worth $24,172,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $437,291,000. Madison Investment Advisors LLC purchased a new position in Arch Capital Group during the fourth quarter valued at $410,010,000. First Trust Advisors LP grew its position in shares of Arch Capital Group by 663.3% in the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after purchasing an additional 2,139,782 shares during the period. Marshall Wace LLP acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $151,342,000. Finally, GAMMA Investing LLC raised its holdings in shares of Arch Capital Group by 10,817.9% during the first 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 last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the company an "overweight" rating in a research report on Thursday. JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Barclays decreased their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group boosted their price objective on shares of Arch Capital Group to $124.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $113.60.

Insiders Place Their Bets

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer directly owned 795,718 shares of the company's stock, valued at $73,588,000.64. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer directly owned 274,681 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 111,976 shares of company stock valued at $10,531,038. 4.10% of the stock is owned by insiders.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $87.84 on Monday. The firm has a market cap of $32.92 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 6.07 and a beta of 0.51. 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 52-week low of $82.49 and a 52-week high of $116.47. The company's 50 day moving average is $91.96 and its two-hundred day moving average is $92.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its 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 analyst estimates of $4.75 billion. During the same period in the previous year, the firm earned $2.45 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, research analysts expect 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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