Parkside Financial Bank & Trust Lowers Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Parkside Financial Bank & Trust reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 29.7% in the 4th quarter, Holdings Channel reports. The fund owned 454 shares of the insurance provider’s stock after selling 192 shares during the period. Parkside Financial Bank & Trust’s holdings in Arch Capital Group were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Arch Capital Group in the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $30,000. Steward Financial Group LLC increased its position in shares of Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after buying an additional 338 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $47,000. Finally, Covestor Ltd lifted its position in shares of Arch Capital Group by 342.9% during the 3rd quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after buying an additional 696 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock worth $11,872,217 in the last 90 days. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Down 2.3 %

Shares of NASDAQ:ACGL opened at $90.90 on Friday. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $95.01. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $90.34 and a two-hundred day moving average of $84.40. The stock has a market cap of $34.10 billion, a P/E ratio of 7.82, a PEG ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period last year, the business earned $2.14 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACGL shares. Evercore ISI boosted their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. TD Cowen assumed coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Citigroup lowered their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $100.00 price target on shares of Arch Capital Group in a research report on Monday, April 15th. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.23.

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.