Strategic Investment Advisors MI Sells 550 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Strategic Investment Advisors MI cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,671 shares of the insurance provider’s stock after selling 550 shares during the period. Strategic Investment Advisors MI’s holdings in Arch Capital Group were worth $930,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ACGL. International Assets Investment Management LLC boosted its stake in Arch Capital Group by 15.3% during the first quarter. International Assets Investment Management LLC now owns 10,795 shares of the insurance provider’s stock valued at $1,038,000 after buying an additional 1,432 shares during the last quarter. AssuredPartners Investment Advisors LLC grew its position in Arch Capital Group by 22.9% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 8,445 shares of the insurance provider’s stock valued at $812,000 after acquiring an additional 1,573 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Arch Capital Group by 6.2% in the first quarter. Asset Management One Co. Ltd. now owns 169,080 shares of the insurance provider’s stock worth $16,262,000 after purchasing an additional 9,832 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Arch Capital Group by 6.0% during the first quarter. Oppenheimer & Co. Inc. now owns 19,899 shares of the insurance provider’s stock worth $1,914,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Arch Capital Group by 10.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 133,282 shares of the insurance provider’s stock valued at $12,819,000 after purchasing an additional 12,202 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.2%

Arch Capital Group stock opened at $90.97 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm has a market cap of $34.09 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 6.30 and a beta of 0.53. The business’s 50-day moving average price is $92.54 and its 200 day moving average price is $92.27. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period in the previous year, the company earned $2.45 EPS. Arch Capital Group’s revenue was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACGL shares. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an “overweight” rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.63.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 12,630 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer now directly owns 274,681 shares of the company’s stock, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares in the company, valued at $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 in the last three months. 4.10% of the stock is owned by company insiders.

Arch Capital Group 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.