Vestcor Inc Has $7.68 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Vestcor Inc cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,149 shares of the insurance provider’s stock after selling 515 shares during the quarter. Vestcor Inc’s holdings in Arch Capital Group were worth $7,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ACGL. Oregon Public Employees Retirement Fund increased its stake in shares of Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after buying an additional 110 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after buying an additional 129 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after buying an additional 132 shares during the period. Dynasty Wealth Management LLC increased its stake in shares of Arch Capital Group by 2.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock valued at $656,000 after buying an additional 140 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Arch Capital Group by 14.1% in the 4th quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider’s stock valued at $118,000 after buying an additional 157 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated 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 sale, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ACGL shares. Bank of America reduced their price target on 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. JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley reduced their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Performance

ACGL opened at $89.16 on Thursday. The business’s 50-day moving average price is $91.83 and its two-hundred day moving average price is $99.69. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The company has a market capitalization of $33.47 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly 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 return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the business posted $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.