Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 232,651 shares of the insurance provider’s stock after selling 3,935 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.06% of Arch Capital Group worth $21,485,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Arch Capital Group by 1.1% during the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after buying an additional 172,628 shares during the last quarter. Geode Capital Management LLC raised its position in Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock worth $1,208,307,000 after buying an additional 253,648 shares during the last quarter. Principal Financial Group Inc. raised its position in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after buying an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock worth $488,992,000 after buying an additional 226,617 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after buying an additional 2,168,897 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm’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 sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on ACGL shares. Royal Bank of Canada cut their price objective 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. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Bank of America lowered their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $89.16 on Thursday. The stock has a market cap of $33.47 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The company’s 50-day moving average price is $91.83 and its 200 day moving average price is $99.69. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the business posted $2.45 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

About Arch Capital Group

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.