Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 68,848 shares of the insurance provider’s stock after selling 2,873 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Arch Capital Group were worth $6,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Arch Capital Group during the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the fourth quarter worth $37,000. Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group in the third quarter worth $50,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group in the fourth quarter worth $42,000. Finally, Y.D. More Investments Ltd increased its stake in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price target on shares of 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. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley decreased their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Bank of America decreased their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $89.16 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a market cap of $33.47 billion, a P/E ratio of 7.96, a P/E/G ratio of 2.31 and a beta of 0.62. The firm has a 50 day simple moving average of $91.83 and a 200 day simple moving average of $99.69. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 period in the previous year, the firm earned $2.45 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group 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.