William Blair Investment Management LLC Sells 100,300 Shares of Arch Capital Group Ltd. $ACGL

William Blair Investment Management LLC cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 588,845 shares of the insurance provider’s stock after selling 100,300 shares during the period. William Blair Investment Management LLC’s holdings in Arch Capital Group were worth $56,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooke & Bieler LP purchased a new stake in Arch Capital Group during the third quarter valued at approximately $210,856,000. First Trust Advisors LP raised its position in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares during the period. Ameriprise Financial Inc. raised its position in Arch Capital Group by 289.1% during the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after purchasing an additional 1,016,919 shares during the period. Two Sigma Investments LP raised its position in Arch Capital Group by 112.4% during the third quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock valued at $171,953,000 after purchasing an additional 1,003,004 shares during the period. Finally, UBS Group AG raised its position in Arch Capital Group by 56.4% during the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock valued at $248,466,000 after purchasing an additional 987,398 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $96.30 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $33.65 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 5.30 and a beta of 0.35. The stock’s fifty day simple moving average is $95.40 and its two-hundred day simple moving average is $95.03. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, analysts expect that Arch Capital Group Ltd. will post 9.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACGL. Royal Bank Of Canada upped their price objective on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Barclays upped their price objective on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. UBS Group reiterated a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Cantor Fitzgerald reiterated 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. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Hold” and an average target price of $106.32.

Insiders Place Their Bets

In other news, Director Brian S. Posner sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $17.14, for a total value of $34,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the transaction, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 32,837 shares of company stock worth $2,766,946 over the last quarter. Company insiders own 3.30% of the company’s stock.

About Arch Capital Group

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.