Aurora Investment Counsel Cuts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Aurora Investment Counsel lessened its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,683 shares of the insurance provider’s stock after selling 2,028 shares during the quarter. Aurora Investment Counsel’s holdings in Arch Capital Group were worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ACGL. Davis Asset Management L.P. raised its holdings in shares of Arch Capital Group by 441.7% in the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock valued at $482,755,000 after buying an additional 5,300,000 shares during the period. Norges Bank purchased a new stake in Arch Capital Group during the 4th quarter worth about $309,496,000. Envestnet Asset Management Inc. increased its holdings in Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after purchasing an additional 1,387,072 shares during the period. Hsbc Holdings PLC increased its holdings in Arch Capital Group by 597.9% during the 3rd quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock worth $113,516,000 after purchasing an additional 1,216,498 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after purchasing an additional 1,216,080 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the sale, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded down $1.89 during trading hours on Friday, reaching $97.26. The stock had a trading volume of 1,632,631 shares, compared to its average volume of 1,725,578. The firm has a market cap of $36.52 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.70 and a beta of 0.60. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a fifty-two week low of $69.49 and a fifty-two week high of $103.79. The firm has a 50-day moving average of $97.09 and a 200-day moving average of $87.90.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company upped their price target on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. JMP Securities upped their price target on Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 30th. Evercore ISI upped their price target on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $98.00 price objective on shares of Arch Capital Group in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Arch Capital Group Company 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.