Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,479,019 shares of the insurance provider's stock after selling 1,477,725 shares during the quarter. Arch Capital Group accounts for 3.0% of WCM Investment Management LLC's portfolio, making the stock its 12th largest position. WCM Investment Management LLC owned about 3.88% of Arch Capital Group worth $1,072,316,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its position in Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider's stock worth $16,756,000 after buying an additional 11,594 shares during the last quarter. SG Americas Securities LLC increased its stake in Arch Capital Group by 601.1% in the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider's stock worth $10,500,000 after purchasing an additional 121,206 shares during the period. Treasurer of the State of North Carolina increased its stake in Arch Capital Group by 0.7% in the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider's stock worth $16,672,000 after purchasing an additional 1,504 shares during the period. Millington Financial Advisors LLC purchased a new position in Arch Capital Group in the 3rd quarter worth approximately $1,030,000. Finally, Asset Management One Co. Ltd. increased its stake in Arch Capital Group by 31.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider's stock worth $14,945,000 after purchasing an additional 48,587 shares during the period. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of analyst reports. TD Cowen initiated coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 price target on the stock. Evercore ISI lifted their price target on Arch Capital Group from $92.00 to $100.00 and gave the stock an "in-line" rating in a research note on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $98.00 price target on shares of Arch Capital Group in a research note on Friday, February 16th. Citigroup decreased their price target on Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, January 22nd. Finally, JMP Securities lifted their price target on Arch Capital Group from $95.00 to $100.00 and gave the stock a "market outperform" rating in a research note on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $95.77.

Arch Capital Group Stock Down 1.5 %

Arch Capital Group stock traded down $1.33 during mid-day trading on Friday, hitting $89.98. The company had a trading volume of 1,454,980 shares, compared to its average volume of 1,828,776. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The stock's 50 day moving average price is $88.79 and its two-hundred day moving average price is $83.64. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01. The company has a market capitalization of $33.76 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the company posted $2.14 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.02 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Maamoun Rajeh sold 50,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company's stock, valued at $29,408,151.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Maamoun Rajeh sold 50,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company's stock, valued at $29,408,151.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $11,872,217 over the last ninety days. 4.20% of the stock is currently owned by corporate 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.