Great Lakes Advisors LLC Sells 14,228 Shares of Arch Capital Group Ltd. $ACGL

Great Lakes Advisors LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 404,092 shares of the insurance provider’s stock after selling 14,228 shares during the quarter. Great Lakes Advisors LLC’s holdings in Arch Capital Group were worth $38,761,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after acquiring an additional 121,090 shares during the period. JPMorgan Chase & Co. boosted its stake in Arch Capital Group by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after buying an additional 360,626 shares during the last quarter. NEOS Investment Management LLC boosted its stake in Arch Capital Group by 49.1% during the third quarter. NEOS Investment Management LLC now owns 49,652 shares of the insurance provider’s stock valued at $4,505,000 after buying an additional 16,343 shares during the last quarter. Natixis Advisors LLC boosted its stake in Arch Capital Group by 9.5% during the third quarter. Natixis Advisors LLC now owns 1,951,019 shares of the insurance provider’s stock valued at $177,016,000 after buying an additional 168,922 shares during the last quarter. Finally, National Pension Service boosted its stake in Arch Capital Group by 8.5% during the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after buying an additional 53,661 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares of the company’s stock, 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 Trading Down 0.2%

Shares of ACGL stock opened at $91.13 on Friday. 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 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $94.53 and its two-hundred day simple moving average is $95.03. The company has a market cap of $31.84 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 5.02 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data 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 business had revenue of $4.52 billion for the quarter. Research analysts predict that Arch Capital Group Ltd. will post 9.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Morgan Stanley set a $105.00 price target on Arch Capital Group in a research note on Friday, May 1st. Mizuho dropped their price target 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. Barclays increased their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.81.

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.