Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,106,628 shares of the insurance provider's stock after selling 70,259 shares during the period. Principal Financial Group Inc. owned 1.64% of Arch Capital Group worth $453,539,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACGL. DekaBank Deutsche Girozentrale increased its position in shares of Arch Capital Group by 6.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider's stock worth $16,756,000 after acquiring an additional 11,594 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Arch Capital Group by 601.1% in the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider's stock worth $10,500,000 after acquiring an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Arch Capital Group by 0.7% in the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider's stock worth $16,672,000 after acquiring an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC acquired a new stake in shares of Arch Capital Group in the third quarter worth $1,030,000. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Arch Capital Group by 28.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider's stock valued at $15,277,000 after purchasing an additional 46,089 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm's stock in a transaction that occurred 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 owns 651,931 shares of the company's stock, valued at $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,689 shares of company stock worth $12,838,617. 4.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several analyst reports. JMP Securities upped their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a "market outperform" rating in a research note on Tuesday, April 30th. Bank of America increased their price objective on shares of Arch Capital Group from $105.00 to $109.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday. Evercore ISI increased their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an "in-line" rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.67.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $2.14 during trading hours on Monday, hitting $97.91. 1,171,155 shares of the company's stock traded hands, compared to its average volume of 1,701,269. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $100.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The company's fifty day simple moving average is $92.28 and its two-hundred day simple moving average is $85.30. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.19 and a beta of 0.57.

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

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