Desjardins Global Asset Management Inc. Sells 13,528 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Desjardins Global Asset Management Inc. decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,515 shares of the insurance provider's stock after selling 13,528 shares during the quarter. Desjardins Global Asset Management Inc.'s holdings in Arch Capital Group were worth $3,603,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at about $27,000. CENTRAL TRUST Co increased its position in shares of Arch Capital Group by 57.3% during the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 252 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 299 shares during the last quarter. Steward Financial Group LLC increased its position in shares of Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 338 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction 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. Over the last three months, insiders have sold 135,689 shares of company stock valued at $11,872,217. Corporate insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACGL shares. Citigroup cut their price objective on Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating for the company in a research note on Monday, January 22nd. Evercore ISI upped 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, April 11th. Royal Bank of Canada restated an "outperform" rating and issued a $98.00 price target on shares of Arch Capital Group in a research note on Friday, February 16th. Wells Fargo & Company upped their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Finally, TD Cowen began coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $96.23.

Arch Capital Group Stock Up 1.2 %

NASDAQ ACGL traded up $1.10 during trading on Tuesday, hitting $90.86. The company's stock had a trading volume of 1,688,692 shares, compared to its average volume of 1,736,449. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $34.09 billion, a PE ratio of 7.82, a P/E/G ratio of 1.12 and a beta of 0.57. The business's 50 day simple moving average is $89.07 and its 200-day simple moving average is $83.79. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.02 EPS for the current fiscal 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.