Pathstone Holdings LLC Has $10.57 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Pathstone Holdings LLC cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,464 shares of the insurance provider's stock after selling 3,825 shares during the quarter. Pathstone Holdings LLC's holdings in Arch Capital Group were worth $10,572,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ACGL. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group in the 4th quarter worth $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group in the 4th quarter worth $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares during the period. Quarry LP purchased a new position in shares of Arch Capital Group in the 4th quarter worth $58,000. Finally, UMB Bank n.a. raised its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after buying an additional 414 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider now owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. This represents a 11.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,946 shares of company stock valued at $10,392,092. Company insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACGL. Jefferies Financial Group lifted their price target on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Stock Up 0.6%

ACGL stock traded up $0.57 during trading hours on Monday, hitting $95.16. The company's stock had a trading volume of 1,315,929 shares, compared to its average volume of 1,731,699. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $92.47 and a two-hundred day moving average price of $93.46. The company has a market capitalization of $35.66 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. Arch Capital Group's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share 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.