Arch Capital Group Ltd. $ACGL Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 44.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,846 shares of the insurance provider’s stock after selling 9,301 shares during the quarter. Sterling Capital Management LLC’s holdings in Arch Capital Group were worth $1,137,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACGL. Daymark Wealth Partners LLC increased its stake in Arch Capital Group by 3.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock worth $308,000 after buying an additional 106 shares in the last quarter. Keel Point LLC lifted its position in shares of Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 112 shares in the last quarter. Legacy Advisors LLC boosted its stake in shares of Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after acquiring an additional 112 shares during the last quarter. Compound Planning Inc. boosted its stake in shares of Arch Capital Group by 5.0% in the third quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock worth $240,000 after acquiring an additional 127 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on ACGL shares. Mizuho reduced their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Citigroup increased their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.81.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Joseph Houston purchased 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $97.06 on Wednesday. The business’s 50 day moving average price is $93.66 and its 200 day moving average price is $95.14. The company has a market cap of $33.91 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 4.90 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion during the quarter. On average, research analysts predict that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

About Arch Capital Group

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.