Barclays PLC Sells 58,174 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Barclays PLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,238,835 shares of the insurance provider’s stock after selling 58,174 shares during the quarter. Barclays PLC owned 0.33% of Arch Capital Group worth $114,407,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group during the 4th quarter worth about $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $42,000. Y.D. More Investments Ltd raised its holdings in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. UMB Bank n.a. boosted its position in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Arch Capital Group by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 291 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.46 on Wednesday. The firm has a 50 day moving average of $91.49 and a 200-day moving average of $96.23. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. 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 stock has a market capitalization of $34.74 billion, a PE ratio of 8.26, a PEG ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 quarter in the prior year, the company earned $2.45 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of analyst reports. Jefferies Financial Group upped their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Wells Fargo & Company dropped their price target on shares of 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. JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. 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.com, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $114.88.

Arch Capital Group Company 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.