Handelsbanken Fonder AB Has $8.36 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Handelsbanken Fonder AB cut its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,878 shares of the insurance provider’s stock after selling 1,639 shares during the period. Handelsbanken Fonder AB’s holdings in Arch Capital Group were worth $8,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in Arch Capital Group during the 4th quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group during the 4th quarter valued at about $37,000. Quarry LP acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $58,000. McIlrath & Eck LLC raised its position in shares of Arch Capital Group by 165.3% in the 4th quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 415 shares during the period. Finally, Larson Financial Group LLC raised its position 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 acquiring an additional 291 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the transaction, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer now owns 795,718 shares of the company’s stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock valued at $10,531,038 in the last ninety days. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Trading Up 2.8%

Shares of Arch Capital Group stock opened at $91.91 on Friday. The stock has a fifty day simple moving average of $92.52 and a 200 day simple moving average of $92.81. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a market capitalization of $34.44 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. 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 (NASDAQ:ACGL) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same period in the prior year, the business earned $2.45 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their price target on Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. raised their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.63.

Arch Capital Group 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.