Victory Capital Management Inc. Trims Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Victory Capital Management Inc. lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,271 shares of the insurance provider’s stock after selling 39,396 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Arch Capital Group worth $21,081,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Arch Capital Group during the third quarter worth about $25,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its position in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth approximately $50,000. Finally, UMB Bank n.a. increased its position in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after buying an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.7 %

Arch Capital Group stock opened at $90.09 on Wednesday. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The company has a market cap of $33.82 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $91.89 and a two-hundred day simple moving average of $99.77.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the business earned $2.45 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ACGL shares. Wells Fargo & Company cut their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays reduced their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group dropped their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

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.