Lansforsakringar Fondforvaltning AB publ Lowers Stock Position in Arch Capital Group Ltd. $ACGL

Lansforsakringar Fondforvaltning AB publ trimmed its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 53.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 127,605 shares of the insurance provider’s stock after selling 143,642 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Arch Capital Group were worth $11,578,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of recent research reports. Barclays set a $104.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Mizuho increased their price objective on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Royal Bank Of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Hold” and an average target price of $109.20.

Insider Activity

In other news, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the transaction, the chief financial officer directly owned 266,681 shares in the company, valued at $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 268,096 shares of company stock valued at $25,287,645. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $98.70 on Tuesday. The company has a fifty day moving average of $95.79 and a two-hundred day moving average of $92.39. The company has a market capitalization of $35.79 billion, a PE ratio of 8.49, a P/E/G ratio of 3.94 and a beta of 0.42. 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 current ratio of 0.53 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.64. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the previous year, the business earned $2.26 EPS. As a group, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group Company 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.