Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 83.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,032 shares of the insurance provider’s stock after selling 5,265 shares during the period. Central Pacific Bank Trust Division’s holdings in Arch Capital Group were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACGL. Vanguard Group Inc. lifted its position in Arch Capital Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after acquiring an additional 104,008 shares during the period. Principal Financial Group Inc. raised its position in Arch Capital Group by 4.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider’s stock worth $716,415,000 after buying an additional 300,716 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock worth $546,054,000 after acquiring an additional 99,329 shares during the period. Capital International Investors boosted its holdings in shares of Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after acquiring an additional 1,560,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock worth $396,026,000 after acquiring an additional 244,285 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In other news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $114.86 on Friday. The company has a 50-day simple moving average of $107.11 and a 200-day simple moving average of $100.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $43.13 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.05 and a beta of 0.59. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $115.03.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACGL. Roth Mkm lifted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 1st. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. TD Cowen boosted their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Citigroup increased their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

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.