Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Decreased by Cooke & Bieler LP

Cooke & Bieler LP lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 98.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,855 shares of the insurance provider's stock after selling 948,156 shares during the quarter. Cooke & Bieler LP's holdings in Arch Capital Group were worth $1,103,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Arch Capital Group in the 4th quarter valued at approximately $27,000. CENTRAL TRUST Co grew its stake in shares of Arch Capital Group by 57.3% in 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. grew its stake in shares of Arch Capital Group by 151.0% in 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 grew its stake in shares of Arch Capital Group by 180.7% in 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 position in shares of Arch Capital Group in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ACGL. Morgan Stanley raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a report on Monday, April 15th. TD Cowen began coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 price target for the company. Evercore ISI raised their price target on Arch Capital Group from $92.00 to $100.00 and gave the company an "in-line" rating in a report on Thursday, April 11th. UBS Group reduced their price target on Arch Capital Group from $101.00 to $97.00 and set a "buy" rating for the company in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. raised their price target on Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.23.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction dated 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 approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction dated 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 approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,689 shares of company stock worth $11,872,217. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

NASDAQ ACGL traded up $1.54 during trading hours on Friday, reaching $92.93. The company's stock had a trading volume of 1,527,630 shares, compared to its average volume of 1,682,517. The stock has a market cap of $34.86 billion, a PE ratio of 8.00, a PEG ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. The company's 50-day moving average is $89.55 and its two-hundred day moving average is $84.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.55. The firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period in the prior year, the company earned $2.14 EPS. Analysts forecast that Arch Capital Group Ltd. will post 8.03 EPS for the current 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.