Arch Capital Group Ltd. $ACGL Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 57.4% in the first quarter, HoldingsChannel.com reports. The firm owned 152,461 shares of the insurance provider’s stock after selling 205,813 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Arch Capital Group were worth $14,635,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its position in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Arch Capital Group during the second quarter worth $253,000. CW Advisors LLC boosted its position in shares of Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after buying an additional 189 shares during the period. Jump Financial LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at $667,000. Finally, Cerity Partners LLC grew its stake in shares of Arch Capital Group by 11.6% in the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after buying an additional 4,933 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This trade represents a 114.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The disclosure for this sale is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ACGL. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research report on Thursday, July 9th. Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 8th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.82.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $103.88 on Tuesday. The firm has a 50 day moving average of $95.97 and a two-hundred day moving average of $95.89. The stock has a market capitalization of $36.29 billion, a PE ratio of 7.98, a P/E/G ratio of 5.15 and a beta of 0.31. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, research analysts predict that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

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.