Williams Jones Wealth Management LLC. Has $12.50 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Williams Jones Wealth Management LLC. cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,359 shares of the insurance provider's stock after selling 3,896 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Arch Capital Group were worth $12,500,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter valued at $42,000. Y.D. More Investments Ltd boosted its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 260 shares during the period. Quarry LP bought a new stake in Arch Capital Group in the 4th quarter valued at $58,000. Finally, UMB Bank n.a. boosted its holdings in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares during the period. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were 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 owns 795,718 shares in the company, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. This represents a 11.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,576 shares of company stock worth $11,586,638. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded up $0.10 during mid-day trading on Friday, reaching $92.07. 977,016 shares of the stock were exchanged, compared to its average volume of 1,725,197. The company has a market cap of $34.50 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $92.58 and a 200 day simple moving average of $93.34. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company's revenue 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. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Barclays reduced their price objective on shares of 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. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Wells Fargo & Company raised 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.00.

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.