Ossiam Has $1.25 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Ossiam lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 90.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,487 shares of the insurance provider’s stock after selling 129,567 shares during the quarter. Ossiam’s holdings in Arch Capital Group were worth $1,246,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ACGL. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd raised its stake in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 414 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 291 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ACGL. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. 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 report on Friday, April 11th. UBS Group reduced their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. JMP Securities restated a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.88.

Arch Capital Group Stock Down 3.0 %

Arch Capital Group stock opened at $89.79 on Tuesday. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a market capitalization of $33.74 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 2.31 and a beta of 0.36. The company’s 50 day simple moving average is $91.58 and its 200 day simple moving average is $95.51.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $2.45 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.20% of the company’s stock.

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.