Geode Capital Management LLC Sells 227,141 Shares of Arch Capital Group Ltd. $ACGL

Geode Capital Management LLC reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,466,550 shares of the insurance provider’s stock after selling 227,141 shares during the quarter. Geode Capital Management LLC’s holdings in Arch Capital Group were worth $1,000,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC raised its holdings in Arch Capital Group by 3.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after buying an additional 106 shares during the last quarter. Keel Point LLC raised its holdings in Arch Capital Group by 4.6% during the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after buying an additional 112 shares during the last quarter. Legacy Advisors LLC raised its holdings in Arch Capital Group by 1.2% during the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock valued at $916,000 after buying an additional 112 shares during the last quarter. Compound Planning Inc. raised its holdings in Arch Capital Group by 5.0% during the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after buying an additional 127 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in Arch Capital Group by 72.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 136 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Down 1.5%

Shares of Arch Capital Group stock opened at $89.34 on Friday. The company’s fifty day simple moving average is $95.29 and its two-hundred day simple moving average is $95.14. The company has a market cap of $31.21 billion, a P/E ratio of 6.86, a PEG ratio of 4.98 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. 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 report on Tuesday, May 5th. Citigroup boosted their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company boosted their price objective 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. Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.32.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $34,220. This trade represents a 60.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the transaction, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,837 shares of company stock valued at $2,766,946 in the last quarter. 3.30% of the stock is owned by insiders.

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.