Xponance Inc. Has $5.24 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Xponance Inc. reduced its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,567 shares of the insurance provider’s stock after selling 8,105 shares during the quarter. Xponance Inc.’s holdings in Arch Capital Group were worth $5,241,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its holdings 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 position in shares of Arch Capital Group by 180.7% during the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after buying an additional 338 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Arch Capital Group during the second quarter valued at about $47,000. Finally, CVA Family Office LLC acquired a new stake in Arch Capital Group during the fourth quarter worth about $47,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $92.93 on Friday. The firm has a market cap of $34.86 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57. The company’s 50-day moving average price is $89.55 and its two-hundred day moving average price is $84.03. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping 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 business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the business earned $2.14 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction 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 directly owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company’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 transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the sale, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,689 shares of company stock valued at $11,872,217. 4.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ACGL has been the subject of several recent research reports. Citigroup cut their price target on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. Morgan Stanley raised their target price on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Evercore ISI upped their target price on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.23.

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.