Marshfield Associates Reduces Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Marshfield Associates trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,406,381 shares of the insurance provider’s stock after selling 22,885 shares during the quarter. Arch Capital Group accounts for approximately 8.7% of Marshfield Associates’ investment portfolio, making the stock its 3rd largest position. Marshfield Associates’ holdings in Arch Capital Group were worth $142,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its stake in shares of Arch Capital Group by 200.0% during the first quarter. Quadrant Capital Group LLC now owns 948 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 632 shares during the period. Enlightenment Research LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $35,000. Optimum Investment Advisors boosted its stake in shares of Arch Capital Group by 333.3% during the first quarter. Optimum Investment Advisors now owns 1,300 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 1,000 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $90,000. Finally, Ffcm LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $106,000. 80.04% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Arch Capital Group in a research note on Tuesday, April 30th. Morgan Stanley set a $32.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a research note on Friday, May 17th. Zacks Investment Research lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, JMP Securities reaffirmed a “hold” rating on shares of Arch Capital Group in a research note on Sunday, February 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.67.

NASDAQ:ACGL traded up $0.04 during mid-day trading on Monday, reaching $35.60. The company’s stock had a trading volume of 3,703 shares, compared to its average volume of 1,299,055. Arch Capital Group Ltd. has a 1 year low of $24.79 and a 1 year high of $35.83. The firm has a market cap of $14.36 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.54 and a quick ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 2.63 EPS for the current fiscal year.

In other Arch Capital Group news, Vice Chairman John M. Pasquesi sold 299,741 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $33.99, for a total value of $10,188,196.59. Following the completion of the transaction, the insider now directly owns 2,832 shares in the company, valued at $96,259.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Louis T. Petrillo sold 23,982 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $34.33, for a total transaction of $823,302.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 498,343 shares of company stock valued at $16,927,360. 5.20% of the stock is owned by insiders.

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Arch Capital Group Company Profile

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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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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