PGGM Investments Sells 10,109 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

PGGM Investments decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,372 shares of the insurance provider’s stock after selling 10,109 shares during the quarter. PGGM Investments’ holdings in Arch Capital Group were worth $11,209,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ACGL. HBK Sorce Advisory LLC lifted its stake in shares of Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after purchasing an additional 127 shares during the period. Erste Asset Management GmbH increased its holdings 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 valued at $71,984,000 after buying an additional 44,692 shares during the last quarter. Achmea Investment Management B.V. raised its position in Arch Capital Group by 7.6% in the fourth quarter. Achmea Investment Management B.V. now owns 34,161 shares of the insurance provider’s stock worth $3,155,000 after acquiring an additional 2,424 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Arch Capital Group by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 22,970 shares of the insurance provider’s stock worth $2,121,000 after acquiring an additional 1,036 shares during the last quarter. Finally, Egerton Capital UK LLP grew its position in shares of Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock valued at $368,289,000 after acquiring an additional 816,750 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction 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 sale, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACGL. Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. JMP Securities restated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Finally, Barclays lowered their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Down 1.0 %

ACGL opened at $89.16 on Thursday. The company has a market capitalization of $33.47 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The firm has a 50-day simple moving average of $91.83 and a two-hundred day simple moving average of $99.69. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 quarter last year, the firm earned $2.45 earnings per share. Analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company 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.