Arch Capital Group Ltd. $ACGL Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 23.9% in the third quarter, HoldingsChannel.com reports. The fund owned 18,909 shares of the insurance provider’s stock after selling 5,939 shares during the period. Nisa Investment Advisors LLC’s holdings in Arch Capital Group were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Arch Capital Group by 3,450.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 414 shares during the period. TD Waterhouse Canada Inc. raised its position in Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after buying an additional 112 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Arch Capital Group in the 2nd quarter valued at $73,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Arch Capital Group in the second quarter worth $87,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In related news, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the sale, the insider directly owned 351,356 shares in the company, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 220,666 shares of company stock worth $20,728,673. Insiders own 4.10% of the company’s stock.

Arch Capital Group Stock Down 2.6%

Shares of ACGL opened at $90.77 on Wednesday. The firm has a market cap of $32.92 billion, a P/E ratio of 8.49, a PEG ratio of 2.10 and a beta of 0.45. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.60. The stock’s 50 day moving average is $93.46 and its two-hundred day moving average is $90.87. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the firm posted $1.99 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada set a $108.00 target price on shares of Arch Capital Group and gave the company an “outperform” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Roth Capital set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Barclays set a $104.00 price target on Arch Capital Group and gave the company an “equal weight” rating in a report on Thursday, January 8th. Finally, Morgan Stanley raised their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $106.60.

Arch Capital Group Company 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.