Lbp Am Sa Trims Stake in Arch Capital Group Ltd. $ACGL

Lbp Am Sa lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 11,806 shares of the insurance provider’s stock after selling 1,330 shares during the period. Lbp Am Sa’s holdings in Arch Capital Group were worth $1,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbour Investments Inc. lifted its stake in Arch Capital Group by 8.4% in the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock valued at $138,000 after buying an additional 111 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Arch Capital Group by 1.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider’s stock valued at $642,000 after buying an additional 113 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Arch Capital Group by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider’s stock valued at $1,272,000 after buying an additional 115 shares in the last quarter. Hemington Wealth Management raised its holdings in Arch Capital Group by 27.7% in the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 119 shares during the last quarter. Finally, Horizon Advisory Services Inc. raised its holdings in Arch Capital Group by 4.2% in the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider’s stock valued at $288,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 1.4%

ACGL stock opened at $89.08 on Friday. The company has a market cap of $33.25 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 5.53 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $89.97 and a 200-day simple moving average of $91.15. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period in the prior year, the firm posted $2.57 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In related news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ACGL. Cantor Fitzgerald upgraded Arch Capital Group to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group downgraded Arch Capital Group from a “buy” rating to a “hold” rating and cut their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. UBS Group reiterated a “buy” rating and issued a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Finally, Cowen reiterated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $109.36.

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.