Robeco Institutional Asset Management B.V. Sells 593,123 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Robeco Institutional Asset Management B.V. lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 55.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 469,201 shares of the insurance provider's stock after selling 593,123 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of Arch Capital Group worth $45,128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signet Financial Management LLC raised its holdings in shares of Arch Capital Group by 37.8% during the 1st quarter. Signet Financial Management LLC now owns 23,091 shares of the insurance provider's stock valued at $2,221,000 after purchasing an additional 6,330 shares in the last quarter. Farther Finance Advisors LLC increased its position in Arch Capital Group by 324.1% during the first quarter. Farther Finance Advisors LLC now owns 4,033 shares of the insurance provider's stock worth $388,000 after buying an additional 3,082 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new position in Arch Capital Group during the fourth quarter valued at about $366,000. William Blair Investment Management LLC lifted its position in shares of Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock worth $57,631,000 after buying an additional 157,197 shares during the last quarter. Finally, Independent Advisor Alliance increased its holdings in shares of Arch Capital Group by 98.8% during the 4th quarter. Independent Advisor Alliance now owns 6,925 shares of the insurance provider's stock valued at $640,000 after acquiring an additional 3,442 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several analyst reports. Barclays reduced their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. UBS Group boosted their price objective on shares of Arch Capital Group to $124.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $114.63.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value 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 represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now directly 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 worth $10,531,038 in the last 90 days. 4.20% of the stock is owned by company insiders.

Arch Capital Group Price Performance

Shares of ACGL stock traded up $0.03 during mid-day trading on Friday, reaching $90.32. The company's stock had a trading volume of 2,285,246 shares, compared to its average volume of 1,700,355. The firm's 50-day moving average is $92.43 and its two-hundred day moving average is $92.21. The company has a market cap of $33.85 billion, a P/E ratio of 9.25, a PEG ratio of 6.17 and a beta of 0.53. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted 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 business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the previous year, the firm earned $2.45 EPS. The business's revenue was up 10.5% compared to the same quarter last year. On average, research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.