Atria Investments Inc Sells 3,383 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Atria Investments Inc lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,500 shares of the insurance provider’s stock after selling 3,383 shares during the quarter. Atria Investments Inc’s holdings in Arch Capital Group were worth $2,632,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Assetmark Inc. lifted its position in Arch Capital Group by 6.0% during the fourth quarter. Assetmark Inc. now owns 1,019,110 shares of the insurance provider’s stock valued at $94,115,000 after purchasing an additional 57,688 shares during the last quarter. Keybank National Association OH lifted its position in Arch Capital Group by 8.6% during the fourth quarter. Keybank National Association OH now owns 10,240 shares of the insurance provider’s stock valued at $946,000 after purchasing an additional 812 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Arch Capital Group by 13.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,653 shares of the insurance provider’s stock valued at $336,000 after purchasing an additional 420 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Arch Capital Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,055,478 shares of the insurance provider’s stock valued at $189,823,000 after purchasing an additional 19,926 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its position in Arch Capital Group by 27.4% during the fourth quarter. Plato Investment Management Ltd now owns 3,673 shares of the insurance provider’s stock valued at $340,000 after purchasing an additional 790 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Down 0.4 %

Shares of ACGL opened at $91.00 on Monday. Arch Capital Group Ltd. has a 1-year low of $87.00 and a 1-year high of $116.47. The company has a 50-day moving average of $91.96 and a 200 day moving average of $100.01. The firm has a market capitalization of $34.16 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the company posted $2.45 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on ACGL. Royal Bank of Canada dropped their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. UBS Group dropped their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Profile

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.