Perpetual Ltd Sells 10,371 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Perpetual Ltd decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,738 shares of the insurance provider's stock after selling 10,371 shares during the quarter. Perpetual Ltd's holdings in Arch Capital Group were worth $7,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group in the 4th quarter worth $37,000. Grove Bank & Trust purchased a new stake in shares of Arch Capital Group during the 1st quarter valued at about $40,000. Pinnacle Bancorp Inc. bought a new position in shares of Arch Capital Group in the 1st quarter valued at about $59,000. Finally, Quarry LP purchased a new position in Arch Capital Group in the fourth quarter worth about $58,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.5%

Shares of Arch Capital Group stock traded up $0.45 on Tuesday, hitting $91.50. 2,712,406 shares of the company traded hands, compared to its average volume of 1,701,767. 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 market cap of $34.29 billion, a PE ratio of 9.38, a PEG ratio of 6.29 and a beta of 0.51. The stock's 50 day moving average price is $92.38 and its 200-day moving average price is $92.14. 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 issued 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). Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the firm earned $2.45 earnings per share. The company's revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACGL. 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 lowered Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. Seven equities research 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $114.63.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the transaction, the insider owned 579,218 shares of the company's stock, valued at approximately $54,452,284.18. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the sale, the insider owned 140,023 shares of the company's stock, valued at approximately $13,236,374.19. This represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,976 shares of company stock valued at $10,531,038. Insiders own 4.10% of the company's stock.

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.