Generali Asset Management SPA SGR Purchases New Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Generali Asset Management SPA SGR purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 16,069 shares of the insurance provider’s stock, valued at approximately $1,484,000.

Several other institutional investors have also made changes to their positions in the stock. William Blair Investment Management LLC boosted its stake in shares of Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider’s stock valued at $57,631,000 after buying an additional 157,197 shares during the period. Curio Wealth LLC acquired a new position in Arch Capital Group during the fourth quarter valued at approximately $201,000. Signaturefd LLC raised its position in Arch Capital Group by 4.9% during the fourth quarter. Signaturefd LLC now owns 3,096 shares of the insurance provider’s stock valued at $286,000 after purchasing an additional 144 shares in the last quarter. Brandes Investment Partners LP raised its position in Arch Capital Group by 109.7% during the fourth quarter. Brandes Investment Partners LP now owns 1,083,395 shares of the insurance provider’s stock valued at $100,052,000 after purchasing an additional 566,751 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in Arch Capital Group during the fourth quarter valued at approximately $410,010,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $92.45 on Friday. The company has a market capitalization of $34.70 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a twelve month low of $87.42 and a twelve month high of $116.47. The stock has a fifty day simple moving average of $91.95 and a 200 day simple moving average of $99.00. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $2.45 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ACGL. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. UBS Group lowered their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

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.