Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Wedmont Private Capital

Wedmont Private Capital reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 37.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,596 shares of the insurance provider's stock after selling 3,960 shares during the period. Wedmont Private Capital's holdings in Arch Capital Group were worth $608,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ACGL. Norges Bank purchased a new stake in Arch Capital Group in the 4th quarter worth $437,291,000. Madison Investment Advisors LLC bought a new position in Arch Capital Group in the fourth quarter worth approximately $410,010,000. First Trust Advisors LP increased its position in Arch Capital Group by 663.3% during the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after purchasing an additional 2,139,782 shares during the period. Marshall Wace LLP bought a new position in shares of Arch Capital Group in the 4th quarter worth $151,342,000. Finally, Egerton Capital UK LLP grew its position in shares of Arch Capital Group by 25.8% in the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after buying an additional 816,750 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 12,630 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. This represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock valued at $10,531,038 in the last quarter. Company insiders own 4.20% of the company's stock.

Analysts Set New Price Targets

ACGL has been the topic of several analyst reports. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $106.00 to $100.00 in a report on Tuesday. UBS Group reduced their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Barclays reduced their price target 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. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $114.63.

Arch Capital Group Price Performance

ACGL traded down $0.38 on Wednesday, reaching $89.39. The stock had a trading volume of 2,482,760 shares, compared to its average volume of 1,692,939. The company has a market capitalization of $33.50 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a 50-day moving average of $92.35 and a 200-day moving average of $92.89.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS 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.