Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,000 shares of the insurance provider's stock after selling 10,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Arch Capital Group were worth $12,984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $37,000. Quarry LP purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at about $58,000. McIlrath & Eck LLC grew its position in Arch Capital Group by 165.3% in the fourth quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider's stock worth $62,000 after acquiring an additional 415 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Arch Capital Group by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after acquiring an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Activity

In other news, CFO Francois Morin sold 12,630 shares of the firm'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 sale, the chief financial officer now directly owns 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% 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, CEO Nicolas Papadopoulo sold 7,636 shares of the company's 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 completion of the transaction, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at $73,588,000.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock valued at $10,531,038 in the last three months. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded up $0.15 during midday trading on Thursday, reaching $90.30. The company's stock had a trading volume of 1,559,113 shares, compared to its average volume of 1,701,769. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $92.65 and a 200 day moving average of $92.54. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The firm has a market capitalization of $33.84 billion, a PE ratio of 9.25, a P/E/G ratio of 6.23 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share 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 analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. Arch Capital Group's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.45 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ACGL shares. Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. UBS Group boosted their price objective on shares of Arch Capital Group to $124.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Barclays cut their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. JMP Securities restated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target 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.