Transamerica Financial Advisors Inc. Sells 664 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Transamerica Financial Advisors Inc. lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,252 shares of the insurance provider’s stock after selling 664 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Arch Capital Group were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd increased its holdings in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $95.06 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a market cap of $35.68 billion, a P/E ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.62. The business’s 50 day moving average price is $92.16 and its 200-day moving average price is $98.18. 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 released its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $2.45 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ACGL. UBS Group reduced their target price on 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. Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Barclays dropped 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. Keefe, Bruyette & Woods decreased their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.19.

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.