Envestnet Portfolio Solutions Inc. Has $839,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 51.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,723 shares of the insurance provider's stock after selling 9,181 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Arch Capital Group were worth $839,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Capital A Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $37,000. Grove Bank & Trust acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $40,000. Quarry LP acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $58,000. Finally, McIlrath & Eck LLC increased its holdings in shares of Arch Capital Group by 165.3% during the 4th quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider's stock worth $62,000 after acquiring an additional 415 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Price 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 company's 50 day moving average is $92.39 and its two-hundred day moving average is $92.16. The firm has a market capitalization of $33.85 billion, a PE ratio of 9.25, a PEG ratio of 6.24 and a beta of 0.53. 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results 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 the consensus estimate 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 revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 earnings per share. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity

In other news, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 274,681 shares in the company, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,976 shares of company stock worth $10,531,038. 4.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACGL. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. UBS Group boosted their price target on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. JMP Securities restated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Barclays reduced their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group currently 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.