Arch Capital Group Ltd. $ACGL Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 689,145 shares of the insurance provider’s stock after selling 63,179 shares during the period. William Blair Investment Management LLC’s holdings in Arch Capital Group were worth $62,526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bridges Investment Management Inc. acquired a new stake in Arch Capital Group in the 3rd quarter valued at approximately $1,413,000. Allianz Asset Management GmbH raised its holdings in shares of Arch Capital Group by 12.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock valued at $17,472,000 after buying an additional 21,323 shares during the period. High Ground Investment Management LLP increased its holdings in Arch Capital Group by 3.5% during the 3rd quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock worth $155,572,000 after purchasing an additional 58,151 shares during the period. WCM Investment Management LLC raised its position in Arch Capital Group by 1.3% in the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after purchasing an additional 171,693 shares in the last quarter. Finally, Cooke & Bieler LP purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at about $210,856,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Trading Up 0.5%

NASDAQ:ACGL opened at $100.15 on Monday. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a fifty day moving average price of $96.08 and a two-hundred day moving average price of $92.69. The stock has a market capitalization of $35.63 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 4.02 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same period in the previous year, the firm earned $2.26 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACGL. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their target price on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Citigroup restated a “buy” rating and set a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.20.

Insider Activity at Arch Capital Group

In related news, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the transaction, the insider directly owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This trade represents a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 260,096 shares of company stock valued at $24,530,685 over the last ninety days. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.