Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 956,882 shares of the insurance provider's stock after selling 67,756 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Arch Capital Group worth $92,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cim LLC grew its holdings in Arch Capital Group by 1.1% in the 4th quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after buying an additional 124 shares during the period. CreativeOne Wealth LLC grew its stake in shares of Arch Capital Group by 4.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after buying an additional 126 shares during the period. HBK Sorce Advisory LLC increased its holdings in shares of Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after buying an additional 127 shares during the last quarter. Aurora Investment Managers LLC. grew its position in Arch Capital Group by 0.6% during the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock valued at $2,167,000 after acquiring an additional 135 shares during the period. Finally, Synovus Financial Corp raised its holdings in shares of Arch Capital Group by 3.0% in the 4th quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider's stock worth $438,000 after purchasing an additional 139 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ACGL shares. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. UBS Group lifted their price objective on Arch Capital Group to $124.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods raised their price target 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.27.

Arch Capital Group Stock Performance

ACGL traded up $0.69 during trading on Thursday, reaching $89.07. 1,964,531 shares of the company were exchanged, compared to its average volume of 1,711,767. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. 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 firm has a 50 day moving average of $92.30 and a 200 day moving average of $92.12. The stock has a market cap of $33.38 billion, a P/E ratio of 9.13, a PEG ratio of 6.33 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter last year, the company posted $2.45 EPS. Arch Capital Group's revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm'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 owned 795,718 shares of the company's stock, valued at $73,588,000.64. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $1,573,924.50. Following the completion of the transaction, the insider directly owned 140,023 shares in the company, valued at $13,236,374.19. This represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock worth $10,531,038 in the last 90 days. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group 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.