Wright Investors Service Inc. Has $359,000 Holdings in Arch Capital Group Ltd. $ACGL

Wright Investors Service Inc. lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 59.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,744 shares of the insurance provider’s stock after selling 5,559 shares during the quarter. Wright Investors Service Inc.’s holdings in Arch Capital Group were worth $359,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ACGL. Geneos Wealth Management Inc. grew its position in shares of Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Arch Capital Group during the 2nd quarter worth approximately $253,000. CW Advisors LLC grew its position in shares of Arch Capital Group by 6.5% during the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after buying an additional 189 shares during the period. Jump Financial LLC acquired a new stake in shares of Arch Capital Group during the 2nd quarter worth approximately $667,000. Finally, Cerity Partners LLC grew its position in shares of Arch Capital Group by 11.6% during the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after buying an additional 4,933 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $97.10 on Friday. The company has a fifty day simple moving average of $96.77 and a 200 day simple moving average of $93.85. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The company has a market cap of $34.59 billion, a P/E ratio of 8.36, a PEG ratio of 4.84 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm posted $2.26 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $104.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.40.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $34,220. The trade was a 60.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Gansberg sold 5,907 shares of Arch Capital Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider directly owned 336,559 shares in the company, valued at $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is owned by company insiders.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.