Fmr LLC Sells 1,184,954 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Fmr LLC decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 40.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,751,986 shares of the insurance provider’s stock after selling 1,184,954 shares during the period. Fmr LLC owned about 0.47% of Arch Capital Group worth $161,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in Arch Capital Group during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its position in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Arch Capital Group by 97.0% in 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 last quarter. Finally, Larson Financial Group LLC increased its position in Arch Capital Group by 47.0% during the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock valued at $84,000 after buying an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley cut their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. JMP Securities reiterated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, Barclays decreased their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.88.

Arch Capital Group Trading Up 1.7 %

Arch Capital Group stock opened at $92.13 on Monday. The business has a 50-day simple moving average of $91.52 and a two-hundred day simple moving average of $96.40. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week 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 company has a market cap of $34.61 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the company earned $2.45 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.10% of the stock is currently owned by company insiders.

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.