PGGM Investments Has $10.31 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

PGGM Investments reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,798 shares of the insurance provider’s stock after selling 794 shares during the period. PGGM Investments’ holdings in Arch Capital Group were worth $10,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its stake in shares of Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock valued at $16,756,000 after purchasing an additional 11,594 shares during the period. SG Americas Securities LLC grew its stake in shares of Arch Capital Group by 601.1% in the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after purchasing an additional 121,206 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Arch Capital Group by 0.7% in the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock valued at $16,672,000 after purchasing an additional 1,504 shares during the period. Millington Financial Advisors LLC bought a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $1,030,000. Finally, Wedge Capital Management L L P NC grew its stake in shares of Arch Capital Group by 28.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider’s stock valued at $15,277,000 after purchasing an additional 46,089 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Wells Fargo & Company increased their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. UBS Group decreased their price target on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. Finally, JMP Securities restated a “market outperform” rating and set a $100.00 price target on shares of Arch Capital Group in a research report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.23.

Insider Activity

In other news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $11,872,217 in the last 90 days. 4.20% of the stock is owned by company insiders.

Arch Capital Group Trading Down 2.3 %

Shares of ACGL stock traded down $2.15 during trading hours on Friday, reaching $90.90. The company had a trading volume of 1,458,046 shares, compared to its average volume of 1,447,893. The company has a 50 day moving average of $90.34 and a 200 day moving average of $84.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $34.10 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.13 and a beta of 0.57. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the prior year, the business posted $2.14 EPS. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

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.