State of Wisconsin Investment Board trimmed its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,187 shares of the insurance provider’s stock after selling 2,019 shares during the period. State of Wisconsin Investment Board’s holdings in Arch Capital Group were worth $8,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. purchased a new stake in Arch Capital Group in the 4th quarter valued at about $203,000. Dynamic Technology Lab Private Ltd purchased a new stake in Arch Capital Group in the 2nd quarter valued at about $229,000. Dai Ichi Life Insurance Company Ltd purchased a new stake in Arch Capital Group in the 3rd quarter valued at about $242,000. IFM Investors Pty Ltd purchased a new stake in Arch Capital Group in the 3rd quarter valued at about $260,000. Finally, Parametrica Management Ltd purchased a new stake in Arch Capital Group in the 4th quarter valued at about $261,000. 76.96% of the stock is owned by institutional investors.
Shares of Arch Capital Group Ltd. (NASDAQ ACGL) opened at $89.04 on Wednesday. Arch Capital Group Ltd. has a twelve month low of $85.35 and a twelve month high of $102.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $12,106.01, a PE ratio of 21.93, a PEG ratio of 1.30 and a beta of 0.62.
Several research firms have issued reports on ACGL. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $101.00 price objective on shares of Arch Capital Group in a research report on Wednesday, December 6th. Finally, Wells Fargo & Co set a $100.00 price objective on shares of Arch Capital Group and gave the company a “hold” rating in a research report on Sunday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Arch Capital Group currently has an average rating of “Hold” and an average price target of $100.67.
In related news, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the transaction, the insider now owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.
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Arch Capital Group Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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