General American Investors Co. Inc. Trims Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

General American Investors Co. Inc. lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,000 shares of the insurance provider’s stock after selling 60,249 shares during the quarter. Arch Capital Group accounts for about 4.6% of General American Investors Co. Inc.’s portfolio, making the stock its 5th biggest position. General American Investors Co. Inc. owned about 0.16% of Arch Capital Group worth $67,128,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. UMB Bank n.a. acquired a new position in shares of Arch Capital Group during the second quarter worth about $30,000. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $35,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at approximately $38,000. Finally, Versant Capital Management Inc lifted its position in shares of Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 131 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ACGL has been the subject of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Roth Mkm raised their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Evercore ISI upped their target price on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Citigroup raised their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, JMP Securities upped their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.88.

Arch Capital Group Stock Performance

Shares of ACGL stock traded down $1.45 on Thursday, hitting $100.25. The company’s stock had a trading volume of 47,961 shares, compared to its average volume of 1,653,786. The stock’s 50 day moving average is $109.67 and its 200-day moving average is $102.91. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The company has a market capitalization of $37.70 billion, a PE ratio of 6.83, a PEG ratio of 1.36 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the company posted $2.31 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

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.