Caisse DE Depot ET Placement DU Quebec trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,800 shares of the insurance provider’s stock after selling 2,100 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Arch Capital Group were worth $1,706,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of ACGL. Wells Fargo & Company MN grew its stake in Arch Capital Group by 18.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock worth $258,488,000 after acquiring an additional 436,449 shares during the period. Geode Capital Management LLC grew its stake in Arch Capital Group by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,181,416 shares of the insurance provider’s stock worth $107,176,000 after acquiring an additional 16,567 shares during the period. Janus Henderson Group PLC grew its stake in Arch Capital Group by 6.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,143,678 shares of the insurance provider’s stock worth $112,652,000 after acquiring an additional 68,746 shares during the period. Swiss National Bank grew its stake in shares of Arch Capital Group by 2.2% during the 4th quarter. Swiss National Bank now owns 867,368 shares of the insurance provider’s stock valued at $78,731,000 after buying an additional 18,600 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Arch Capital Group by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 813,542 shares of the insurance provider’s stock valued at $80,135,000 after buying an additional 12,810 shares during the period. Institutional investors own 77.96% of the company’s stock.
ACGL has been the subject of several research reports. ValuEngine cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. BidaskClub raised shares of Arch Capital Group from a “strong sell” rating to a “sell” rating in a research note on Friday, March 23rd. Wells Fargo reissued a “hold” rating and set a $96.00 price objective on shares of Arch Capital Group in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods raised shares of Arch Capital Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $102.43.
In related news, CEO Constantine Iordanou bought 7,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were acquired at an average price of $23.80 per share, for a total transaction of $166,600.00. Following the purchase, the chief executive officer now owns 7,000 shares in the company, valued at approximately $166,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark Donald Lyons sold 6,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $84.16, for a total transaction of $504,960.00. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.
ACGL stock traded down $0.99 during trading on Friday, reaching $85.41. The stock had a trading volume of 371,394 shares, compared to its average volume of 883,457. Arch Capital Group Ltd. has a 1-year low of $83.16 and a 1-year high of $102.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $11,811.12, a P/E ratio of 26.61, a P/E/G ratio of 1.26 and a beta of 0.61.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Arch Capital Group had a net margin of 11.21% and a return on equity of 5.87%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. sell-side analysts anticipate that Arch Capital Group Ltd. will post 6.23 EPS for the current year.
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About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.
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