Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,217,040 shares of the insurance provider’s stock after selling 16,964 shares during the quarter. Natixis Advisors LLC owned 0.32% of Arch Capital Group worth $112,394,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after purchasing an additional 110 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock valued at $219,000 after acquiring an additional 127 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after acquiring an additional 129 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 132 shares during the period. Finally, Dynasty Wealth Management LLC lifted its holdings in Arch Capital Group by 2.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock valued at $656,000 after acquiring an additional 140 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACGL has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Bank of America dropped their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Price Performance

Shares of ACGL opened at $92.57 on Friday. The company has a market cap of $34.75 billion, a P/E ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.62. The stock has a fifty day moving average price of $91.83 and a 200 day moving average price of $99.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the prior year, the company posted $2.45 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on 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 link. 4.20% of the stock is currently owned by insiders.

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.