Intech Investment Management LLC Sells 13,415 Shares of Arch Capital Group Ltd. $ACGL

Intech Investment Management LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,812 shares of the insurance provider’s stock after selling 13,415 shares during the period. Intech Investment Management LLC’s holdings in Arch Capital Group were worth $3,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Arch Capital Group in the fourth quarter valued at about $27,000. WealthCollab LLC raised its holdings in Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Arch Capital Group during the 3rd quarter valued at about $28,000. Aventura Private Wealth LLC acquired a new position in Arch Capital Group during the 4th quarter valued at about $30,000. Finally, Grove Bank & Trust bought a new position in shares of Arch Capital Group in the 4th quarter valued at about $30,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.7%

ACGL opened at $88.74 on Tuesday. The firm’s fifty day moving average is $95.22 and its two-hundred day moving average is $95.16. The firm has a market cap of $31.00 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 4.91 and a beta of 0.32. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The company had revenue of $4.52 billion during the quarter. Equities research analysts anticipate that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Insiders Place Their Bets

In other news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total transaction of $51,330.00. Following the sale, the director owned 2,000 shares of the company’s stock, valued at $34,220. This trade represents a 60.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,837 shares of company stock valued at $2,766,946. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Mizuho reduced their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $105.00 price target on Arch Capital Group in a research note on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.32.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.