Arch Capital Group Ltd. $ACGL Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,134,929 shares of the insurance provider’s stock after selling 22,567 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Arch Capital Group were worth $375,129,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its stake in shares of Arch Capital Group by 426.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 311 shares during the period. Quent Capital LLC acquired a new position in Arch Capital Group during the third quarter worth about $37,000. Richardson Financial Services Inc. increased its holdings in Arch Capital Group by 63.3% in the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after buying an additional 162 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 112 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter valued at approximately $54,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACGL. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a report on Thursday, January 8th. Morgan Stanley set a $125.00 price target on Arch Capital Group in a research note on Friday, January 16th. Citigroup reiterated a “buy” rating and issued a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th. Finally, Mizuho increased their price objective on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.20.

Insider Transactions at Arch Capital Group

In other news, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the sale, the insider directly owned 433,589 shares in the company, valued at $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the transaction, the insider directly owned 289,556 shares in the company, valued at $27,267,488.52. The trade was a 2.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 260,096 shares of company stock valued at $24,530,685. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $97.07 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The business has a fifty day moving average of $96.27 and a 200-day moving average of $92.89. The stock has a market cap of $34.54 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 3.96 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the business posted $2.26 EPS. As a group, analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.