Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,250 shares of the insurance provider's stock after selling 21,537 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Arch Capital Group were worth $3,717,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group during the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter valued at about $42,000. Y.D. More Investments Ltd increased its holdings in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares in the last quarter. Quarry LP acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. increased its position in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after buying an additional 414 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 ACGL traded up $0.10 during trading hours on Friday, reaching $92.07. 977,016 shares of the stock traded hands, compared to its average volume of 1,725,197. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.50 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company's 50-day moving average price is $92.58 and its two-hundred day moving average price is $93.30.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 24.73% and a return on equity of 17.96%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer now directly owns 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 disclosure for this sale can be found here. Insiders sold a total of 123,576 shares of company stock worth $11,586,638 over the last three months. Corporate insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ACGL shares. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. 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. Finally, JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $115.00.

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.