HighTower Advisors LLC Sells 20,716 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

HighTower Advisors LLC lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,393 shares of the insurance provider’s stock after selling 20,716 shares during the quarter. HighTower Advisors LLC’s holdings in Arch Capital Group were worth $8,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after purchasing an additional 2,168,897 shares during the period. Swedbank AB grew its stake in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after purchasing an additional 919,793 shares during the period. Principal Financial Group Inc. grew its stake in shares of Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after purchasing an additional 783,506 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Arch Capital Group during the third quarter worth $82,748,000. Finally, AustralianSuper Pty Ltd grew its stake in shares of Arch Capital Group by 736.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock worth $70,774,000 after purchasing an additional 674,739 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ACGL shares. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Performance

ACGL opened at $95.28 on Tuesday. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The firm has a market capitalization of $35.76 billion, a PE ratio of 8.51, a PEG ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The business’s 50-day simple moving average is $91.92 and its 200 day simple moving average is $99.23.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the firm earned $2.45 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.