Man Group plc Reduces Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Man Group plc trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 273,622 shares of the insurance provider's stock after selling 44,831 shares during the quarter. Man Group plc owned approximately 0.07% of Arch Capital Group worth $25,269,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC boosted its position in shares of Arch Capital Group by 71.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,076 shares of the insurance provider's stock worth $469,000 after buying an additional 2,121 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Arch Capital Group by 11.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,504 shares of the insurance provider's stock valued at $3,186,000 after purchasing an additional 3,410 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Arch Capital Group by 5.7% in the fourth quarter. Park Avenue Securities LLC now owns 25,990 shares of the insurance provider's stock valued at $2,400,000 after purchasing an additional 1,408 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $121,000. Finally, Contravisory Investment Management Inc. increased its stake in shares of Arch Capital Group by 12.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 7,282 shares of the insurance provider's stock worth $672,000 after purchasing an additional 778 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACGL. Barclays lowered their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. UBS Group dropped their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, JMP Securities reiterated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Trading Up 3.0%

NASDAQ ACGL opened at $93.54 on Friday. The company has a market capitalization of $35.05 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The company's fifty day moving average price is $92.38 and its two-hundred day moving average price is $93.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the business earned $2.45 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider now owns 579,218 shares in the company, valued at $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,946 shares of company stock valued at $10,392,092 over the last 90 days. 4.20% of the stock is owned by company insiders.

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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