Arch Capital Group Ltd. (ACGL) Holdings Trimmed by American International Group Inc.

American International Group Inc. reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,140 shares of the insurance provider’s stock after selling 2,532 shares during the period. American International Group Inc.’s holdings in Arch Capital Group were worth $506,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Bronfman E.L. Rothschild L.P. boosted its position in shares of Arch Capital Group by 7.6% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,728 shares of the insurance provider’s stock worth $860,000 after purchasing an additional 614 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Arch Capital Group by 4.2% during the 3rd quarter. D.A. Davidson & CO. now owns 56,302 shares of the insurance provider’s stock worth $5,545,000 after purchasing an additional 2,294 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Arch Capital Group by 9.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,501 shares of the insurance provider’s stock worth $2,413,000 after purchasing an additional 2,056 shares in the last quarter. Assetmark Inc. bought a new position in shares of Arch Capital Group during the 3rd quarter worth about $299,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Arch Capital Group by 4.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 694,862 shares of the insurance provider’s stock worth $68,445,000 after purchasing an additional 30,570 shares in the last quarter. Hedge funds and other institutional investors own 79.41% of the company’s stock.

In other Arch Capital Group news, CFO Mark Donald Lyons sold 5,500 shares of Arch Capital Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 54,554 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the transaction, the chief executive officer now directly owns 147,481 shares in the company, valued at approximately $14,088,859.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,975 shares of company stock worth $6,256,989. 6.60% of the stock is owned by insiders.

Arch Capital Group Ltd. (NASDAQ ACGL) opened at $89.71 on Friday. Arch Capital Group Ltd. has a 1 year low of $84.21 and a 1 year high of $102.60. The firm has a market cap of $11,770.00, a PE ratio of 29.03, a P/E/G ratio of 2.59 and a beta of 0.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business posted $1.14 EPS. Arch Capital Group’s revenue was up 30.7% compared to the same quarter last year. equities analysts expect that Arch Capital Group Ltd. will post 3.15 earnings per share for the current year.

A number of equities analysts have recently issued reports on ACGL shares. UBS Group reissued a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Royal Bank of Canada reissued a “buy” rating and set a $113.00 price objective on shares of Arch Capital Group in a research report on Friday, October 27th. Buckingham Research started coverage on shares of Arch Capital Group in a research report on Monday, September 11th. They set a “buy” rating and a $106.00 price objective on the stock. Barclays raised their price target on shares of Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, October 16th. Finally, Wells Fargo & Co set a $100.00 price target on shares of Arch Capital Group and gave the company a “hold” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $100.80.

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Arch Capital Group Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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

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