Cwm LLC Lowers Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

CWM LLC lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 285,254 shares of the insurance provider's stock after selling 18,657 shares during the quarter. CWM LLC owned about 0.08% of Arch Capital Group worth $21,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC acquired a new position in Arch Capital Group in the fourth quarter valued at about $27,000. Steward Financial Group LLC grew its stake in Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 338 shares during the period. CVA Family Office LLC acquired a new position in Arch Capital Group in the fourth quarter valued at about $47,000. Covestor Ltd boosted its position in shares of Arch Capital Group by 342.9% during the third quarter. Covestor Ltd now owns 899 shares of the insurance provider's stock worth $72,000 after buying an additional 696 shares during the period. Finally, Operose Advisors LLC bought a new position in shares of Arch Capital Group during the third quarter worth about $75,000. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACGL shares. Morgan Stanley increased their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an "overweight" rating in a report on Monday, April 15th. TD Cowen started coverage on Arch Capital Group in a report on Wednesday, January 10th. They set an "outperform" rating and a $96.00 price objective for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. Citigroup decreased their price target 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. Finally, JMP Securities restated a "market outperform" rating and issued a $100.00 price target on shares of Arch Capital Group in a research note on Monday, April 15th. Five equities research 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, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.23.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.92 during mid-day trading on Monday, reaching $93.85. The company's stock had a trading volume of 1,275,849 shares, compared to its average volume of 1,714,130. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The stock has a market cap of $35.21 billion, a P/E ratio of 8.08, a PEG ratio of 1.16 and a beta of 0.57. The business has a 50-day simple moving average of $89.77 and a two-hundred day simple moving average of $84.14. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (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 company had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the firm posted $2.14 earnings per share. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.