Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Trimmed by FPR Partners LLC

FPR Partners LLC lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 666,105 shares of the insurance provider's stock after selling 9,856 shares during the quarter. Arch Capital Group comprises about 6.8% of FPR Partners LLC's investment portfolio, making the stock its 8th biggest position. FPR Partners LLC owned approximately 0.18% of Arch Capital Group worth $61,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ACGL. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the fourth quarter valued at $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd lifted its holdings in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after buying an additional 260 shares during the period. Quarry LP bought a new position in Arch Capital Group in the fourth quarter valued at approximately $58,000. Finally, UMB Bank n.a. grew its stake in shares of Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the 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 of the company's stock, valued at $73,588,000.64. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays lowered their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. UBS Group cut their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, JMP Securities reissued a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research note 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.00.

Arch Capital Group Trading Down 0.0 %

NASDAQ ACGL traded down $0.02 during trading hours on Friday, hitting $94.54. 1,278,394 shares of the company's stock were exchanged, compared to its average volume of 1,729,541. The firm has a market cap of $35.52 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.31 and a beta of 0.57. The stock has a 50-day simple moving average of $92.22 and a 200 day simple moving average of $93.92. 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 1-year low of $82.49 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its 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 24.73% and a return on equity of 17.96%. 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 firm earned $2.45 EPS. The firm's revenue was up 10.5% on a year-over-year basis. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal 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.