Cubist Systematic Strategies LLC lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 52.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,915 shares of the insurance provider’s stock after selling 6,653 shares during the period. Cubist Systematic Strategies LLC’s holdings in Arch Capital Group were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ACGL. Acrospire Investment Management LLC bought a new stake in Arch Capital Group in the second quarter valued at $112,000. Vantage Investment Advisors LLC increased its stake in Arch Capital Group by 1,372.9% in the second quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,167 shares in the last quarter. Parallel Advisors LLC increased its stake in Arch Capital Group by 0.4% in the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 6 shares in the last quarter. Toronto Dominion Bank increased its stake in Arch Capital Group by 18.8% in the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 253 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Arch Capital Group in the second quarter valued at $197,000. 79.41% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Nicolas Papadopoulo sold 54,554 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the transaction, the chief executive officer now directly owns 147,481 shares in the company, valued at $14,088,859.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the transaction, the insider now owns 43,268 shares in the company, valued at $3,940,416.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,975 shares of company stock worth $6,256,989. 6.60% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on ACGL shares. Buckingham Research started coverage on shares of Arch Capital Group in a research note on Monday, September 11th. They issued a “buy” rating and a $106.00 price target for the company. UBS Group decreased their price target on shares of Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, September 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $100.00 price target on shares of Arch Capital Group in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Barclays lifted their price target on shares of Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.80.

Arch Capital Group Ltd. (ACGL) opened at $90.27 on Wednesday. The stock has a market cap of $11,810.00, a PE ratio of 29.21, a PEG ratio of 2.59 and a beta of 0.67. Arch Capital Group Ltd. has a twelve month low of $84.21 and a twelve month high of $102.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. sell-side analysts anticipate that Arch Capital Group Ltd. will post 3.15 EPS for the current fiscal year.

WARNING: “Cubist Systematic Strategies LLC Has $583,000 Position in Arch Capital Group Ltd. (ACGL)” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/cubist-systematic-strategies-llc-has-583000-position-in-arch-capital-group-ltd-acgl-2/1784391.html.

Arch Capital Group Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL).

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.