Arch Capital Group Ltd. $ACGL Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.5% in the first quarter, HoldingsChannel.com reports. The fund owned 1,620,619 shares of the insurance provider’s stock after selling 111,860 shares during the period. Sei Investments Co.’s holdings in Arch Capital Group were worth $155,563,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ACGL. Daymark Wealth Partners LLC increased its stake in Arch Capital Group by 3.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 106 shares during the period. Legacy Advisors LLC lifted its position in shares of Arch Capital Group by 1.2% during the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after purchasing an additional 112 shares in the last quarter. Twin Capital Management Inc. boosted its stake in shares of Arch Capital Group by 1.4% in the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock valued at $785,000 after purchasing an additional 116 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Arch Capital Group by 1.3% in the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after purchasing an additional 123 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACGL has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. Mizuho raised their price target on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research note on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $109.82.

Arch Capital Group Stock Up 1.5%

ACGL stock opened at $100.10 on Friday. The company’s 50 day moving average price is $95.62 and its 200 day moving average price is $95.76. The firm has a market capitalization of $34.97 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 4.91 and a beta of 0.31. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $105.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The company had revenue of $4.52 billion during the quarter. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group 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.