Colony Group LLC Sells 2,448 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Colony Group LLC lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,364 shares of the insurance provider’s stock after selling 2,448 shares during the period. Colony Group LLC’s holdings in Arch Capital Group were worth $3,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACGL. Voya Investment Management LLC increased its stake in shares of Arch Capital Group by 6.1% during the third quarter. Voya Investment Management LLC now owns 77,654 shares of the insurance provider’s stock worth $3,260,000 after purchasing an additional 4,459 shares during the period. Redpoint Investment Management Pty Ltd increased its stake in shares of Arch Capital Group by 725.8% during the third quarter. Redpoint Investment Management Pty Ltd now owns 49,489 shares of the insurance provider’s stock worth $2,078,000 after purchasing an additional 43,496 shares during the period. State Street Corp increased its stake in shares of Arch Capital Group by 0.5% during the third quarter. State Street Corp now owns 10,365,711 shares of the insurance provider’s stock worth $435,153,000 after purchasing an additional 52,060 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Arch Capital Group by 25.7% during the third quarter. Pictet Asset Management Ltd. now owns 210,224 shares of the insurance provider’s stock worth $8,825,000 after purchasing an additional 43,000 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Arch Capital Group by 0.3% during the third quarter. California State Teachers Retirement System now owns 640,800 shares of the insurance provider’s stock worth $26,901,000 after purchasing an additional 2,110 shares during the period. Institutional investors own 79.51% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Co upgraded Arch Capital Group from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research note on Monday, January 6th. Cfra raised their price objective on Arch Capital Group from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Barclays restated a “buy” rating and set a $52.00 price objective on shares of Arch Capital Group in a research note on Tuesday, January 7th. BidaskClub downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Morgan Stanley upped their target price on Arch Capital Group from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.59.

In other news, CFO Francois Morin sold 6,990 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.16, for a total value of $336,638.40. Following the completion of the transaction, the chief financial officer now owns 32,150 shares of the company’s stock, valued at $1,548,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP W Preston Hutchings sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $47.10, for a total transaction of $1,884,000.00. Following the completion of the sale, the senior vice president now owns 45,719 shares in the company, valued at $2,153,364.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,990 shares of company stock worth $4,059,038. Company insiders own 5.20% of the company’s stock.

NASDAQ ACGL opened at $25.72 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 6.65, a P/E/G ratio of 0.86 and a beta of 0.69. The firm’s 50 day simple moving average is $39.74 and its 200 day simple moving average is $41.51. Arch Capital Group Ltd. has a 1 year low of $22.54 and a 1 year high of $48.32.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Arch Capital Group had a net margin of 23.47% and a return on equity of 10.92%. The business had revenue of $1.67 billion during the quarter. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 2.99 earnings per share for the current year.

Arch Capital Group 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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