Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,165 shares of the insurance provider’s stock after selling 13,477 shares during the quarter. Cibc World Markets Corp’s holdings in Arch Capital Group were worth $5,464,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Brandes Investment Partners LP raised its stake in shares of Arch Capital Group by 109.7% in the 4th quarter. Brandes Investment Partners LP now owns 1,083,395 shares of the insurance provider’s stock valued at $100,052,000 after purchasing an additional 566,751 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in Arch Capital Group during the fourth quarter worth about $410,010,000. Impact Capital Partners LLC acquired a new stake in Arch Capital Group during the fourth quarter worth about $232,000. HBK Sorce Advisory LLC raised its stake in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 127 shares during the period. Finally, Erste Asset Management GmbH raised its stake in Arch Capital Group by 6.1% during the fourth quarter. Erste Asset Management GmbH now owns 780,722 shares of the insurance provider’s stock worth $71,984,000 after acquiring an additional 44,692 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ACGL shares. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. 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. JPMorgan Chase & Co. decreased their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Trading Down 0.1 %

Shares of NASDAQ:ACGL opened at $93.19 on Thursday. The stock has a market capitalization of $34.98 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The company has a 50 day moving average price of $91.95 and a 200 day moving average price of $99.05.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $2.45 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly 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 is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

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.