Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,090 shares of the insurance provider's stock after selling 93,814 shares during the period. Victory Capital Management Inc. owned 0.08% of Arch Capital Group worth $21,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Householder Group Estate & Retirement Specialist LLC bought a new position in Arch Capital Group in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in Arch Capital Group in the 4th quarter valued at approximately $30,000. CVA Family Office LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $47,000. Covestor Ltd increased its holdings 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 in the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Arch Capital Group during the third quarter worth $75,000. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACGL shares. Bank of America boosted their price objective on Arch Capital Group from $105.00 to $109.00 and gave the stock a "buy" rating in a research report on Tuesday, April 30th. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday. Morgan Stanley raised their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. Citigroup reduced their price objective on shares of 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 raised their target price on Arch Capital Group from $100.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.67.

Insider Buying and Selling at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 directly owns 221,779 shares of the company's stock, valued at $19,399,009.13. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business'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 completion of the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,689 shares of company stock worth $12,838,617. Insiders own 4.00% of the company's stock.

Arch Capital Group Stock Up 0.4 %

Arch Capital Group stock traded up $0.42 during trading on Friday, hitting $100.05. 1,420,416 shares of the company were exchanged, compared to its average volume of 1,679,097. The company has a market capitalization of $37.53 billion, a P/E ratio of 7.90, a PEG ratio of 1.15 and a beta of 0.57. The business's 50 day moving average is $92.03 and its 200 day moving average is $85.15. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $100.86. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business posted $1.73 EPS. The business's revenue was up 19.3% compared to the same quarter last year. Analysts predict that Arch Capital Group Ltd. will post 8.43 earnings per share for the current year.

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.