Pacer Advisors Inc. Buys 11,823 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Pacer Advisors Inc. raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,177 shares of the insurance provider’s stock after acquiring an additional 11,823 shares during the period. Pacer Advisors Inc.’s holdings in Arch Capital Group were worth $2,613,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CENTRAL TRUST Co lifted its stake in Arch Capital Group by 57.3% during the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 252 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 299 shares during the period. Steward Financial Group LLC raised its stake in shares of Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 338 shares during the period. CVA Family Office LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth $47,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Arch Capital Group during the 2nd quarter worth $47,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $92.44 on Friday. The business has a 50 day moving average of $86.54 and a 200 day moving average of $82.78. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a 1-year low of $66.88 and a 1-year high of $92.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the previous year, the company posted $2.14 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock worth $11,872,217 in the last quarter. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACGL shares. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. JMP Securities lifted their target price on Arch Capital Group from $95.00 to $100.00 and gave the company a “market outperform” rating in a report on Thursday, February 15th. UBS Group reduced their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. Wells Fargo & Company lifted their target price on Arch Capital Group from $98.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.46.

Read Our Latest Stock Analysis on Arch Capital Group

About Arch Capital Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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