Jefferies Financial Group Inc. Sells 27,891 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Jefferies Financial Group Inc. trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 77.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,163 shares of the insurance provider's stock after selling 27,891 shares during the period. Jefferies Financial Group Inc.'s holdings in Arch Capital Group were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the 4th 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 about $42,000. Y.D. More Investments Ltd boosted its holdings in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares during the period. Quarry LP acquired a new position in Arch Capital Group in the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. raised 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 acquiring an additional 414 shares during the period. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the sale, the insider now directly owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,946 shares of company stock worth $10,392,092 in the last ninety days. Company insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays lowered their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. 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. Morgan Stanley increased their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their target price 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.57 during trading hours on Monday, reaching $95.16. The stock had a trading volume of 1,315,929 shares, compared to its average volume of 1,731,699. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The stock has a market capitalization of $35.66 billion, a PE ratio of 8.50, a PEG ratio of 2.31 and a beta of 0.57. The company's 50-day moving average is $92.47 and its two-hundred day moving average is $93.46.

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 net margin of 24.73% and a return on equity of 17.96%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the prior year, the business posted $2.45 earnings per share. Arch Capital Group's revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

About Arch Capital Group

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.