Mount Lucas Management LP Sells 1,730 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mount Lucas Management LP decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 28,478 shares of the insurance provider’s stock after selling 1,730 shares during the quarter. Arch Capital Group accounts for 0.9% of Mount Lucas Management LP’s portfolio, making the stock its 21st largest holding. Mount Lucas Management LP’s holdings in Arch Capital Group were worth $2,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ACGL. Sowell Financial Services LLC increased its stake in shares of Arch Capital Group by 7.2% in the fourth quarter. Sowell Financial Services LLC now owns 13,488 shares of the insurance provider’s stock valued at $1,246,000 after buying an additional 907 shares during the period. Amundi increased its stake in shares of Arch Capital Group by 32.9% in the fourth quarter. Amundi now owns 1,272,386 shares of the insurance provider’s stock valued at $117,899,000 after buying an additional 314,796 shares during the period. Larson Financial Group LLC increased its stake in shares of Arch Capital Group by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock valued at $84,000 after buying an additional 291 shares during the period. HM Payson & Co. increased its stake in shares of Arch Capital Group by 341.5% in the fourth quarter. HM Payson & Co. now owns 9,823 shares of the insurance provider’s stock valued at $907,000 after buying an additional 7,598 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Arch Capital Group by 21.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 151,172 shares of the insurance provider’s stock valued at $14,018,000 after buying an additional 27,113 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $91.00 on Monday. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 52 week low of $87.00 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $91.96 and a 200-day moving average of $100.01.

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

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACGL has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on 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. Royal Bank of Canada lowered their price objective on 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 decreased their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Barclays decreased their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.