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

Williams Jones Wealth Management LLC. decreased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the 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 filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Arch Capital Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock worth $3,878,663,000 after acquiring an additional 182,150 shares during the period. Geode Capital Management LLC lifted its holdings in Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock worth $1,014,648,000 after purchasing an additional 180,493 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after purchasing an additional 783,506 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after purchasing an additional 226,617 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Arch Capital Group by 1.9% during the fourth quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after buying an additional 93,226 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Wells Fargo & Company raised their target price 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. UBS Group dropped 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, JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $95.16 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a market cap of $35.66 billion, a PE ratio of 8.50, a P/E/G ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The business's 50-day moving average price is $92.59 and its two-hundred day moving average price is $93.45.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $2.45 earnings per share. As a group, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the sale, the insider now directly owns 579,218 shares of the company's stock, valued at $54,452,284.18. The trade was a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,946 shares of company stock worth $10,392,092. 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.

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