Schonfeld Strategic Advisors LLC Cuts Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Schonfeld Strategic Advisors LLC lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,020 shares of the insurance provider's stock after selling 13,149 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Arch Capital Group were worth $1,387,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ACGL. Vanguard Group Inc. lifted its position in Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock valued at $3,878,663,000 after buying an additional 182,150 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock worth $1,014,648,000 after purchasing an additional 180,493 shares during the period. Principal Financial Group Inc. increased its holdings in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after purchasing an additional 226,617 shares during the last quarter. Finally, Northern Trust Corp raised its position in Arch Capital Group by 11.3% in the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock valued at $448,895,000 after purchasing an additional 495,262 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Price Performance

ACGL traded down $0.52 during midday trading on Monday, reaching $94.02. 234,743 shares of the company's stock were exchanged, compared to its average volume of 1,723,690. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The stock has a market capitalization of $35.32 billion, a PE ratio of 8.40, a P/E/G ratio of 2.31 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The business's 50-day moving average price is $92.22 and its 200 day moving average price is $93.83.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. Arch Capital Group's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.45 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of research reports. UBS Group dropped their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JMP Securities reissued a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Jefferies Financial Group raised their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada reduced their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $115.00.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now owns 795,718 shares in the company, valued at $73,588,000.64. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65% decrease in their position. The disclosure for this sale can be found here. 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.