Mutual of America Capital Management LLC Sells 1,839 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mutual of America Capital Management LLC lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,989 shares of the insurance provider’s stock after selling 1,839 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arch Capital Group were worth $9,713,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Arch Capital Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock worth $3,878,663,000 after purchasing an additional 182,150 shares in the last quarter. Geode Capital Management LLC grew its stake in Arch Capital Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider’s stock worth $1,014,648,000 after buying an additional 180,493 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider’s stock valued at $451,499,000 after buying an additional 93,226 shares during the period. Northern Trust Corp increased its holdings in Arch Capital Group by 11.3% in the 4th quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider’s stock valued at $448,895,000 after buying an additional 495,262 shares during the period. Finally, Norges Bank acquired a new position in shares of Arch Capital Group in the 4th quarter valued at approximately $437,291,000. Institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the transaction, the insider owned 579,218 shares in the company, valued at approximately $54,452,284.18. This represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the sale, the chief financial officer directly owned 274,681 shares of the company’s stock, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,976 shares of company stock valued at $10,531,038 in the last 90 days. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $87.84 on Monday. The firm has a market capitalization of $32.92 billion, a P/E ratio of 9.00, a P/E/G ratio of 6.07 and a beta of 0.51. The firm’s 50-day moving average price is $91.96 and its 200-day moving average price is $92.01. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the company posted $2.45 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ACGL shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $101.00 price objective (down from $113.00) on shares of Arch Capital Group in a research note on Wednesday, July 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Barclays decreased their target price on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.60.

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.