International Assets Investment Management LLC Decreases Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

International Assets Investment Management LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,028 shares of the insurance provider’s stock after selling 328 shares during the period. International Assets Investment Management LLC’s holdings in Arch Capital Group were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Arch Capital Group by 277.9% in the 3rd quarter. LPL Financial LLC now owns 317,791 shares of the insurance provider’s stock worth $25,331,000 after acquiring an additional 233,690 shares during the last quarter. Mariner LLC increased its position in Arch Capital Group by 2.7% during the third quarter. Mariner LLC now owns 33,892 shares of the insurance provider’s stock worth $2,702,000 after purchasing an additional 900 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Arch Capital Group by 18.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,054 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 630 shares during the period. Covestor Ltd boosted its holdings in Arch Capital Group by 342.9% in the 3rd quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 696 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $75,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL stock opened at $102.43 on Tuesday. The business’s 50-day moving average is $98.31 and its two-hundred day moving average is $88.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $38.46 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.75 and a beta of 0.60. Arch Capital Group Ltd. has a 1 year low of $70.53 and a 1 year high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $1.73 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. Analysts anticipate that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI upped their price objective on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Roth Mkm reaffirmed a “buy” rating and set a $110.00 target price on shares of Arch Capital Group in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $101.33.

Arch Capital Group 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.