Jupiter Asset Management Ltd. Cuts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Jupiter Asset Management Ltd. reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,651 shares of the insurance provider’s stock after selling 3,935 shares during the period. Jupiter Asset Management Ltd.’s holdings in Arch Capital Group were worth $21,485,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ACGL. Principal Financial Group Inc. lifted its holdings in shares of Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after acquiring an additional 337,786 shares during the period. Atria Investments Inc lifted its holdings in shares of Arch Capital Group by 5.4% during the 3rd quarter. Atria Investments Inc now owns 31,883 shares of the insurance provider’s stock worth $3,567,000 after acquiring an additional 1,624 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter worth about $50,000. Apollon Wealth Management LLC lifted its holdings in shares of Arch Capital Group by 31.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,105 shares of the insurance provider’s stock worth $683,000 after acquiring an additional 1,443 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Arch Capital Group by 2.9% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,459 shares of the insurance provider’s stock worth $1,282,000 after acquiring an additional 318 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $89.16 on Thursday. 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 50-day moving average of $91.83 and a two-hundred day moving average of $99.69. The stock has a market cap of $33.47 billion, a P/E ratio of 7.96, 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.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly 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 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 EPS. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated 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 owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ACGL shares. Keefe, Bruyette & Woods cut 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 report on Thursday, February 13th. JMP Securities restated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Bank of America cut their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. UBS Group cut their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.