Snowden Capital Advisors LLC Sells 43,867 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Snowden Capital Advisors LLC reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 57.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,608 shares of the insurance provider’s stock after selling 43,867 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Arch Capital Group were worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $42,000. Y.D. More Investments Ltd grew its position in shares of 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 period. Quarry LP acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $58,000. Finally, UMB Bank n.a. grew its position in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the period. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACGL shares. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. JMP Securities restated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. 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 report on Wednesday, February 12th. Finally, UBS Group decreased their price objective on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Arch Capital Group Trading Up 1.1%

NASDAQ:ACGL opened at $94.59 on Friday. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $92.47 and a two-hundred day moving average price of $93.57. The company has a market cap of $35.45 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the company earned $2.45 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. As a group, analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider now owns 579,218 shares of the company’s stock, valued at $54,452,284.18. This represents a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 110,946 shares of company stock valued at $10,392,092 in the last quarter. 4.20% of the stock is currently owned by 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.