Snowden Capital Advisors LLC Sells 43,867 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Snowden Capital Advisors LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 57.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,608 shares of the insurance provider's stock after selling 43,867 shares during the quarter. Snowden Capital Advisors LLC's holdings in Arch Capital Group were worth $3,011,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACGL. Fifth Third Wealth Advisors LLC boosted its stake in Arch Capital Group by 71.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,076 shares of the insurance provider's stock valued at $469,000 after buying an additional 2,121 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Arch Capital Group by 11.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,504 shares of the insurance provider's stock worth $3,186,000 after acquiring an additional 3,410 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Arch Capital Group by 5.7% during the fourth quarter. Park Avenue Securities LLC now owns 25,990 shares of the insurance provider's stock worth $2,400,000 after acquiring an additional 1,408 shares during the last quarter. USA Financial Formulas bought a new position in shares of Arch Capital Group during the fourth quarter worth about $121,000. Finally, Procyon Advisors LLC increased its holdings in Arch Capital Group by 15.1% in the fourth quarter. Procyon Advisors LLC now owns 10,667 shares of the insurance provider's stock worth $985,000 after purchasing an additional 1,403 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

ACGL traded down $0.97 during trading on Tuesday, reaching $94.19. 1,460,593 shares of the company were exchanged, compared to its average volume of 1,731,945. The company's 50-day moving average is $92.59 and its two-hundred day moving average is $93.45. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a market cap of $35.30 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

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

Insider Activity

In related news, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the sale, the insider now directly owns 579,218 shares of the company's stock, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,576 shares of company stock worth $11,586,638 in the last quarter. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent analyst reports. UBS Group dropped their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company upped their price objective on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.00.

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.