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

Perpetual Ltd lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Arch Capital Group in the fourth quarter valued at $437,291,000. Madison Investment Advisors LLC bought a new stake in Arch Capital Group during the fourth quarter worth about $410,010,000. First Trust Advisors LP lifted its holdings in shares of 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 worth $227,401,000 after acquiring an additional 2,139,782 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Arch Capital Group in the fourth quarter worth about $151,342,000. Finally, Egerton Capital UK LLP lifted its holdings in shares of Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after acquiring an additional 816,750 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.0%

Arch Capital Group stock traded up $0.03 during mid-day trading on Friday, hitting $90.32. 2,285,246 shares of the stock were exchanged, compared to its average volume of 1,693,748. 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 12 month low of $82.49 and a 12 month high of $116.47. The firm's fifty day simple moving average is $92.39 and its two-hundred day simple moving average is $92.18. The stock has a market capitalization of $33.85 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 6.24 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly 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 firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm'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 business posted $2.45 EPS. Analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity

In other news, 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 completion of the sale, the insider now owns 579,218 shares in the company, valued at $54,452,284.18. This represents a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents 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 worth $10,531,038 in the last quarter. 4.20% of the stock is owned by corporate insiders.

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.