Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,074 shares of the insurance provider’s stock after acquiring an additional 1,374 shares during the quarter. Private Advisor Group LLC’s holdings in Arch Capital Group were worth $674,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in Arch Capital Group by 9.2% in the third quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock valued at $370,889,000 after purchasing an additional 390,362 shares during the period. Invesco Ltd. grew its stake in shares of Arch Capital Group by 16.3% in the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock valued at $269,871,000 after purchasing an additional 475,464 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Arch Capital Group by 3.4% in the third quarter. Royal Bank of Canada now owns 3,151,688 shares of the insurance provider’s stock valued at $251,222,000 after purchasing an additional 104,299 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Arch Capital Group by 112.4% during the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after purchasing an additional 1,387,072 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Arch Capital Group by 18.8% during the third quarter. Barclays PLC now owns 2,240,381 shares of the insurance provider’s stock worth $178,581,000 after purchasing an additional 354,482 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 2.2 %

ACGL stock opened at $100.99 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $101.28. The firm has a market capitalization of $37.92 billion, a PE ratio of 7.97, a P/E/G ratio of 1.18 and a beta of 0.57. The company’s 50 day simple moving average is $93.38 and its 200-day simple moving average is $85.83.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. Arch Capital Group’s quarterly revenue was up 19.3% on a year-over-year basis. Equities analysts expect that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 145,689 shares of company stock valued at $12,838,617 over the last quarter. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ACGL shares. StockNews.com raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. JMP Securities upped their price objective on Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 30th. Bank of America raised their target price on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Citigroup lowered their price target on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.67.

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.