Metis Global Partners LLC Sells 2,240 Shares of Arch Capital Group Ltd. $ACGL

Metis Global Partners LLC lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,644 shares of the insurance provider’s stock after selling 2,240 shares during the quarter. Metis Global Partners LLC’s holdings in Arch Capital Group were worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC raised its position in shares of Arch Capital Group by 12.1% during the 2nd quarter. Penserra Capital Management LLC now owns 1,949 shares of the insurance provider’s stock valued at $177,000 after buying an additional 211 shares in the last quarter. Kinsale Capital Group Inc. increased its stake in Arch Capital Group by 9.0% during the second quarter. Kinsale Capital Group Inc. now owns 85,060 shares of the insurance provider’s stock worth $7,745,000 after acquiring an additional 6,992 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in Arch Capital Group during the second quarter valued at approximately $338,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at approximately $371,000. Finally, Sustainable Insight Capital Management LLC purchased a new position in shares of Arch Capital Group in the 2nd quarter worth approximately $2,136,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Trading Up 2.1%

ACGL stock opened at $89.57 on Monday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.17. The firm’s 50-day moving average is $89.39 and its 200 day moving average is $90.42. The company has a market capitalization of $33.43 billion, a PE ratio of 8.38, a P/E/G ratio of 3.24 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same period in the prior year, the firm earned $1.99 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Cantor Fitzgerald reissued a “neutral” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Cowen reiterated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $109.00.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.