Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,504 shares of the insurance provider’s stock after selling 1,772 shares during the period. 3Chopt Investment Partners LLC’s holdings in Arch Capital Group were worth $3,002,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ACGL. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd lifted its holdings in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the last quarter. UMB Bank n.a. grew its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 414 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 291 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Up 1.7 %

Shares of NASDAQ:ACGL opened at $92.13 on Friday. The company has a 50 day moving average of $91.52 and a 200-day moving average of $96.51. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a market cap of $34.61 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Barclays dropped their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Friday. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.88.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 4.10% of the stock is owned by corporate 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.