Keybank National Association OH Acquires 812 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Keybank National Association OH grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,240 shares of the insurance provider’s stock after purchasing an additional 812 shares during the period. Keybank National Association OH’s holdings in Arch Capital Group were worth $946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in Arch Capital Group in the 3rd quarter worth about $50,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group in the 4th quarter worth about $42,000. Y.D. More Investments Ltd increased its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ACGL shares. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. UBS Group lowered their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.19.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Stock Down 0.4 %

Shares of Arch Capital Group stock opened at $91.00 on Friday. Arch Capital Group Ltd. has a one year low of $87.00 and a one year high of $116.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock’s 50-day moving average is $91.99 and its 200 day moving average is $100.14. The firm has a market cap of $34.16 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 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 quarter last year, the business posted $2.45 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group Company 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.