Andra AP fonden Sells 44,500 Shares of Arch Capital Group Ltd. (ACGL)

Andra AP fonden lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.9% in the third quarter, Holdings Channel reports. The institutional investor owned 275,900 shares of the insurance provider’s stock after selling 44,500 shares during the period. Andra AP fonden’s holdings in Arch Capital Group were worth $8,225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. increased its stake in shares of Arch Capital Group by 200.0% in the 2nd quarter. D Orazio & Associates Inc. now owns 5,400 shares of the insurance provider’s stock valued at $143,000 after purchasing an additional 3,600 shares in the last quarter. IBM Retirement Fund increased its stake in shares of Arch Capital Group by 181.2% in the 2nd quarter. IBM Retirement Fund now owns 12,316 shares of the insurance provider’s stock valued at $326,000 after purchasing an additional 7,936 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Arch Capital Group by 200.8% in the 2nd quarter. First Republic Investment Management Inc. now owns 119,536 shares of the insurance provider’s stock valued at $3,163,000 after purchasing an additional 79,801 shares in the last quarter. AMP Capital Investors Ltd increased its stake in shares of Arch Capital Group by 187.8% in the 2nd quarter. AMP Capital Investors Ltd now owns 134,379 shares of the insurance provider’s stock valued at $3,556,000 after purchasing an additional 87,686 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Arch Capital Group by 66.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 50,000 shares of the insurance provider’s stock valued at $1,323,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 80.61% of the company’s stock.

In other Arch Capital Group news, Director John D. Vollaro sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $30.06, for a total transaction of $315,630.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP W Preston Hutchings sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,073 shares of company stock valued at $1,056,936. 5.10% of the stock is owned by company insiders.

Shares of Arch Capital Group stock opened at $27.62 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.31. Arch Capital Group Ltd. has a twelve month low of $25.71 and a twelve month high of $34.20. The stock has a market capitalization of $12.08 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.69.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $1.21 EPS. Analysts forecast that Arch Capital Group Ltd. will post 2.23 earnings per share for the current fiscal year.

ACGL has been the subject of several recent analyst reports. TheStreet upgraded Arch Capital Group from a “c” rating to a “b-” rating in a research note on Monday, July 30th. BidaskClub upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 11th. Royal Bank of Canada restated a “buy” rating on shares of Arch Capital Group in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, July 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.91.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

See Also: Hedge Funds

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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