Barclays PLC Sells 58,174 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Barclays PLC lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,238,835 shares of the insurance provider’s stock after selling 58,174 shares during the period. Barclays PLC’s holdings in Arch Capital Group were worth $114,407,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Arch Capital Group by 4.8% during the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after acquiring an additional 337,786 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $367,000. Virtu Financial LLC acquired a new stake in Arch Capital Group during the third quarter worth approximately $1,106,000. SkyView Investment Advisors LLC increased its holdings in Arch Capital Group by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider’s stock worth $3,252,000 after purchasing an additional 454 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in Arch Capital Group in the third quarter valued at approximately $312,000. Institutional investors own 89.07% of the company’s stock.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm’s 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 completion of the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their price target on 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.88.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $92.46 on Wednesday. The business’s fifty day simple moving average is $91.49 and its 200 day simple moving average is $96.23. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The firm has a market capitalization of $34.74 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly 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 period in the prior year, the company posted $2.45 EPS. As a group, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.