Cwm LLC Decreases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cwm LLC cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,872 shares of the insurance provider’s stock after selling 13,520 shares during the quarter. Cwm LLC’s holdings in Arch Capital Group were worth $28,963,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gladstone Capital Management LLP lifted its holdings in shares of Arch Capital Group by 52.8% during the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after purchasing an additional 478,570 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock valued at $237,017,000 after acquiring an additional 1,216,080 shares during the period. Quarry LP bought a new position in Arch Capital Group during the 4th quarter valued at about $60,000. V Square Quantitative Management LLC boosted its holdings in shares of Arch Capital Group by 32.1% during the 4th quarter. V Square Quantitative Management LLC now owns 6,750 shares of the insurance provider’s stock valued at $501,000 after acquiring an additional 1,639 shares during the last quarter. Finally, Auxier Asset Management bought a new stake in shares of Arch Capital Group in the fourth quarter worth approximately $305,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $113.90 on Friday. The company has a market capitalization of $42.83 billion, a P/E ratio of 8.01, a P/E/G ratio of 2.03 and a beta of 0.59. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The firm’s 50 day simple moving average is $108.60 and its two-hundred day simple moving average is $101.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 EPS. Research analysts expect that Arch Capital Group Ltd. will post 9.11 EPS for the current fiscal year.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $110.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada increased their price target on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. TD Cowen lifted their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Citigroup upped their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group raised their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.87.

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.