Lindbrook Capital LLC Reduces Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Lindbrook Capital LLC lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 862 shares of the insurance provider’s stock after selling 154 shares during the quarter. Lindbrook Capital LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Arch Capital Group in the fourth quarter worth approximately $27,000. Steward Financial Group LLC boosted its holdings in shares of Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after buying an additional 338 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Arch Capital Group in the fourth quarter worth approximately $47,000. Covestor Ltd boosted its holdings in shares of Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after buying an additional 696 shares during the last quarter. Finally, Operose Advisors LLC purchased a new position in shares of Arch Capital Group in the third quarter worth approximately $75,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.2 %

Arch Capital Group stock opened at $93.05 on Friday. The firm’s 50 day moving average price is $90.24 and its 200-day moving average price is $84.34. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $95.01. The stock has a market cap of $34.91 billion, a P/E ratio of 8.01, a PEG ratio of 1.16 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares in the company, valued at $29,408,151.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,689 shares of company stock worth $11,872,217. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research reports. Citigroup dropped their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Morgan Stanley lifted their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, UBS Group lowered their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.23.

About Arch Capital Group

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.