Fidelis Capital Partners LLC Sells 272 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Fidelis Capital Partners LLC trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,281 shares of the insurance provider’s stock after selling 272 shares during the period. Fidelis Capital Partners LLC’s holdings in Arch Capital Group were worth $351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital International Investors increased its stake in Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after purchasing an additional 1,560,173 shares in the last quarter. International Assets Investment Management LLC increased its stake in Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after purchasing an additional 548,402 shares in the last quarter. Brandes Investment Partners LP bought a new stake in Arch Capital Group in the second quarter valued at approximately $48,119,000. Natixis Advisors LLC increased its stake in Arch Capital Group by 59.1% in the second quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after purchasing an additional 423,406 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Arch Capital Group by 10.1% in the second quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider’s stock valued at $348,671,000 after purchasing an additional 316,070 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACGL. JMP Securities upped their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $110.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.53.

Arch Capital Group Stock Performance

Shares of ACGL opened at $105.14 on Thursday. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The firm has a fifty day simple moving average of $110.85 and a 200 day simple moving average of $102.69. The stock has a market capitalization of $39.54 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.95 and a beta of 0.59. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion during 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%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 9.06 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value 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 $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.00% of the company’s stock.

About Arch Capital Group

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.