Wedbush Securities Inc. Sells 345 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Wedbush Securities Inc. decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,471 shares of the insurance provider’s stock after selling 345 shares during the quarter. Wedbush Securities Inc.’s holdings in Arch Capital Group were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ACGL. Oregon Public Employees Retirement Fund increased its stake in Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after purchasing an additional 110 shares in the last quarter. HBK Sorce Advisory LLC increased its position in shares of Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after acquiring an additional 129 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 132 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in Arch Capital Group by 2.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock valued at $656,000 after purchasing an additional 140 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by company insiders.

Arch Capital Group Trading Down 8.8 %

Shares of ACGL opened at $87.83 on Monday. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The business has a 50-day moving average of $92.23 and a 200 day moving average of $97.46. The firm has a market cap of $33.00 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the business earned $2.45 earnings per share. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on ACGL shares. Morgan Stanley lowered their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada cut their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.19.

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.