Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by LPL Financial LLC

LPL Financial LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 34.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 387,518 shares of the insurance provider’s stock after buying an additional 99,656 shares during the period. LPL Financial LLC’s holdings in Arch Capital Group were worth $35,787,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of Arch Capital Group by 4.8% during the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after buying an additional 337,786 shares during the period. Penserra Capital Management LLC boosted its holdings in Arch Capital Group by 136.5% during the 3rd quarter. Penserra Capital Management LLC now owns 3,952 shares of the insurance provider’s stock valued at $441,000 after acquiring an additional 2,281 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Arch Capital Group in the 3rd quarter valued at about $388,000. The Manufacturers Life Insurance Company increased its stake in Arch Capital Group by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 304,883 shares of the insurance provider’s stock worth $34,110,000 after purchasing an additional 3,285 shares during the period. Finally, FMR LLC lifted its position in shares of Arch Capital Group by 2.5% during the third quarter. FMR LLC now owns 2,936,940 shares of the insurance provider’s stock worth $328,585,000 after purchasing an additional 70,899 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Down 1.9 %

ACGL stock opened at $95.06 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $92.16 and its 200 day moving average price is $98.27. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The company has a market cap of $35.68 billion, a P/E ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping 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. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACGL shares. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their price objective 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. JMP Securities reiterated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley lowered their price objective on 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction 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 completion of the transaction, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by corporate insiders.

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.