Picton Mahoney Asset Management Has $13.64 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Picton Mahoney Asset Management trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,696 shares of the insurance provider’s stock after selling 64,758 shares during the quarter. Picton Mahoney Asset Management’s holdings in Arch Capital Group were worth $13,643,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ACGL. Commonwealth Equity Services LLC lifted its stake in Arch Capital Group by 109.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 45,198 shares of the insurance provider’s stock valued at $3,603,000 after acquiring an additional 23,607 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Arch Capital Group by 4.7% during the third quarter. Stratos Wealth Partners LTD. now owns 13,011 shares of the insurance provider’s stock worth $1,037,000 after buying an additional 585 shares in the last quarter. Forsta AP Fonden boosted its holdings in Arch Capital Group by 3.0% in the 3rd quarter. Forsta AP Fonden now owns 68,300 shares of the insurance provider’s stock valued at $5,444,000 after purchasing an additional 2,000 shares during the period. Lindbrook Capital LLC grew its position in Arch Capital Group by 48.3% during the third quarter. Lindbrook Capital LLC now owns 1,016 shares of the insurance provider’s stock worth $81,000 after buying an additional 331 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of Arch Capital Group by 5.5% in the third quarter. Verdence Capital Advisors LLC now owns 5,110 shares of the insurance provider’s stock worth $407,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were 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 approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. Insiders sold a total of 145,689 shares of company stock valued at $12,838,617 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Arch Capital Group Stock Up 1.1 %

ACGL traded up $1.07 during midday trading on Tuesday, hitting $98.21. The company had a trading volume of 1,316,197 shares, compared to its average volume of 1,724,365. The company has a market capitalization of $36.84 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.12 and a beta of 0.57. The stock’s 50 day moving average price is $91.35 and its 200 day moving average price is $84.84. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $98.54.

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, topping analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. Arch Capital Group’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ACGL shares. Citigroup decreased their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, January 22nd. Morgan Stanley raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. JMP Securities lifted their price target on Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 30th. Bank of America upped their price objective on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.67.

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.