Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 55.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 469,201 shares of the insurance provider's stock after selling 593,123 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.12% of Arch Capital Group worth $45,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $37,000. Grove Bank & Trust purchased a new position in shares of Arch Capital Group during the first quarter worth about $40,000. Pinnacle Bancorp Inc. purchased a new position in shares of Arch Capital Group during the first quarter worth about $59,000. Finally, Quarry LP purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $58,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of ACGL stock traded up $0.73 during midday trading on Monday, reaching $91.05. 1,909,741 shares of the company traded hands, compared to its average volume of 1,694,612. The firm's 50 day simple moving average is $92.41 and its two-hundred day simple moving average is $92.15. 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 current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $34.12 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 6.24 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) 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 company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the previous year, the business posted $2.45 earnings per share. Arch Capital Group's revenue was up 10.5% on a year-over-year basis. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider directly owned 579,218 shares in the company, valued at $54,452,284.18. The trade was a 11.47% decrease in their position. The sale 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 Arch Capital Group stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.53, for a total value of $1,573,924.50. Following the transaction, the insider owned 140,023 shares of the company's stock, valued at $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,976 shares of company stock valued at $10,531,038. 4.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays lowered their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. UBS Group raised 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. Wells Fargo & Company raised 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, JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus target price 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.