Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,960 shares of the insurance provider’s stock after purchasing an additional 214 shares during the quarter. Global Retirement Partners LLC’s holdings in Arch Capital Group were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ACGL. CENTRAL TRUST Co boosted its position in shares of Arch Capital Group by 57.3% in the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 252 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Arch Capital Group by 151.0% in 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 in the last quarter. Steward Financial Group LLC boosted its position in shares of Arch Capital Group by 180.7% in 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 in the last quarter. CVA Family Office LLC acquired a new stake in Arch Capital Group during the 4th quarter worth about $47,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Arch Capital Group during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In related news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $91.49 on Wednesday. The stock has a 50-day simple moving average of $87.00 and a two-hundred day simple moving average of $83.02. The firm has a market capitalization of $34.23 billion, a P/E ratio of 7.87, a PEG ratio of 1.16 and a beta of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $67.18 and a fifty-two week high of $93.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the business earned $2.14 EPS. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACGL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. UBS Group lowered their price target on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Evercore ISI lifted their price target on Arch Capital Group from $85.00 to $92.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.46.

Check Out Our Latest Stock Report on ACGL

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.

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

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