Sei Investments Reduces $10M in Arch Capital Group Ltd. ($ACGL)
Key Points
- Sei Investments changed its Arch Capital Group Ltd. ($ACGL) stake by 6.5% last quarter, cutting to 1,620,619 shares worth $147.69 million.
- Wall Street's consensus rating on $ACGL is Buy and an average price target of $108.71.
- $ACGL last traded around $91.13.
Sei Investments trimmed its position in Arch Capital Group Ltd. ($ACGL) by 6.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,620,619 shares of Arch Capital Group Ltd. after selling 111,860 shares during the quarter. Sei Investments's holdings in Arch Capital Group Ltd. were worth $147.69 million as of its most recent filing.
Arch Capital Group Ltd. ($ACGL) Stock
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About Arch Capital Group Ltd.
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia. The company operates through three segments: Insurance, Reinsurance, and Mortgage. The Insurance segment offers commercial automobile; commercial multiperil; financial and professional line liability; admitted, excess, and surplus casualty lines; property and short-tail specialty; workers compensation; and casualty insurance. Its Reinsurance segment provides reinsurance products for casualty; marine and aviation; property catastrophe; property excluding property catastrophe; and other specialty products. The Mortgage segment offers U.S. primary mortgage insurance business written predominantly on loans sold to the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation; reinsurance and underwriting services related to the U.S. credit-risk transfer business and other U.S. mortgage reinsurance transactions; and international mortgage insurance and reinsurance business covering loans. It markets its products through a group of licensed independent retail and wholesale brokers. The company was formerly known as Risk Capital Holdings, Inc. Arch Capital Group Ltd. was founded in 1995 and is headquartered in Pembroke, Bermuda.
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