Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,527 shares of the insurance provider’s stock after selling 3,400 shares during the period. Yousif Capital Management LLC’s holdings in Arch Capital Group were worth $4,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Arch Capital Group by 2.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after purchasing an additional 144 shares during the period. Signaturefd LLC boosted its stake in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 146 shares during the period. SRS Capital Advisors Inc. boosted its stake in Arch Capital Group by 15.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 146 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Arch Capital Group by 2.2% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock valued at $519,000 after purchasing an additional 149 shares during the period. Finally, Steph & Co. lifted its stake in shares of Arch Capital Group by 4.5% in the 3rd quarter. Steph & Co. now owns 4,247 shares of the insurance provider’s stock worth $339,000 after acquiring an additional 181 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Trading Down 2.3 %

Shares of NASDAQ:ACGL opened at $90.90 on Friday. The stock has a market capitalization of $34.10 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.16 and a beta of 0.57. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50 day moving average price of $90.34 and a 200 day moving average price of $84.40.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period last year, the firm posted $2.14 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ACGL. Morgan Stanley increased their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. UBS Group decreased their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. Finally, StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.23.

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.