Janney Montgomery Scott LLC Sells 8,527 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Janney Montgomery Scott LLC lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,533 shares of the insurance provider's stock after selling 8,527 shares during the quarter. Janney Montgomery Scott LLC's holdings in Arch Capital Group were worth $11,497,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at $437,291,000. Madison Investment Advisors LLC bought a new position in Arch Capital Group during the 4th quarter valued at about $410,010,000. First Trust Advisors LP boosted its position in 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 buying an additional 2,139,782 shares in the last quarter. Marshall Wace LLP bought a new stake in Arch Capital Group during the fourth quarter worth about $151,342,000. Finally, Egerton Capital UK LLP grew its stake in Arch Capital Group by 25.8% during the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after buying an additional 816,750 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Stock Down 0.1%

Shares of NASDAQ:ACGL traded down $0.13 during trading on Friday, hitting $90.17. 2,426,380 shares of the company's stock traded hands, compared to its average volume of 1,705,661. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $92.61 and a 200-day moving average price of $92.41. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a market cap of $33.79 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 6.24 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced 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 quarter last year, the business posted $2.45 earnings per share. The business's quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock valued at $10,531,038 over the last quarter. Corporate insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ACGL shares. Jefferies Financial Group cut shares of Arch Capital Group from a "buy" rating to a "hold" rating and cut their target price for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Wells Fargo & Company raised their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays lowered 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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $114.63.

Arch Capital Group Company 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.