Vanguard Group Inc. Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Vanguard Group Inc. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,999,603 shares of the insurance provider’s stock after acquiring an additional 182,150 shares during the period. Vanguard Group Inc. owned about 0.11% of Arch Capital Group worth $3,878,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ACGL. Principal Financial Group Inc. boosted its stake in Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after purchasing an additional 337,786 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Arch Capital Group by 9.8% during the third quarter. Advisors Asset Management Inc. now owns 9,980 shares of the insurance provider’s stock worth $1,117,000 after acquiring an additional 890 shares during the last quarter. Moors & Cabot Inc. purchased a new position in Arch Capital Group during the third quarter valued at $250,000. Eagle Asset Management Inc. increased its holdings in Arch Capital Group by 2.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 44,222 shares of the insurance provider’s stock valued at $4,504,000 after acquiring an additional 1,128 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Arch Capital Group by 12.0% in the 3rd quarter. Raymond James Trust N.A. now owns 6,379 shares of the insurance provider’s stock worth $714,000 after purchasing an additional 685 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’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 value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. 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 research report on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Price Performance

ACGL opened at $94.01 on Tuesday. The business has a fifty day moving average of $92.05 and a 200 day moving average of $98.52. The stock has a market cap of $35.29 billion, a P/E ratio of 8.39, a PEG ratio of 2.31 and a beta of 0.62. 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 Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the company earned $2.45 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.