PGGM Investments Sells 794 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

PGGM Investments decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,798 shares of the insurance provider’s stock after selling 794 shares during the quarter. PGGM Investments’ holdings in Arch Capital Group were worth $10,309,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ACGL. Envestnet Asset Management Inc. grew its stake in shares of Arch Capital Group by 112.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after purchasing an additional 1,387,072 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Arch Capital Group by 597.9% in the third quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock worth $113,516,000 after purchasing an additional 1,216,498 shares during the last quarter. Assetmark Inc. grew its stake in shares of Arch Capital Group by 316.7% in the third quarter. Assetmark Inc. now owns 977,982 shares of the insurance provider’s stock worth $77,955,000 after purchasing an additional 743,303 shares during the last quarter. Invesco Ltd. grew its stake in shares of Arch Capital Group by 16.3% in the third quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock worth $269,871,000 after purchasing an additional 475,464 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at $295,440,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 2.3 %

Shares of NASDAQ ACGL traded down $2.15 during trading on Friday, hitting $90.90. 1,458,046 shares of the company traded hands, compared to its average volume of 1,447,893. The business’s fifty day moving average is $90.34 and its 200 day moving average is $84.42. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. The firm has a market capitalization of $34.10 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.13 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business posted $2.14 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a report on Friday, February 16th. TD Cowen initiated coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.23.

Insider Buying and Selling

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last quarter. Insiders own 4.20% of the company’s stock.

About Arch Capital Group

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.