Headlands Technologies LLC Buys 9,137 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Headlands Technologies LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 43.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,943 shares of the insurance provider’s stock after purchasing an additional 9,137 shares during the period. Headlands Technologies LLC’s holdings in Arch Capital Group were worth $2,765,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ACGL. Norges Bank acquired a new position in Arch Capital Group in the 4th quarter valued at approximately $437,291,000. Madison Investment Advisors LLC bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $410,010,000. Swedbank AB raised its stake in shares of Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after purchasing an additional 919,793 shares in the last quarter. Egerton Capital UK LLP lifted its position in Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock worth $368,289,000 after purchasing an additional 816,750 shares during the period. Finally, High Ground Investment Management LLP boosted its stake in Arch Capital Group by 246.3% during the fourth quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider’s stock worth $102,367,000 after buying an additional 788,393 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 1.2 %

Shares of NASDAQ ACGL opened at $96.18 on Tuesday. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47. The firm’s 50-day simple moving average is $92.17 and its 200 day simple moving average is $98.00. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping 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 business earned $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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACGL. Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. UBS Group cut their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods cut their target price on 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. Finally, JMP Securities reiterated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average 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 the business’s 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 sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.20% of the company’s stock.

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.