Norden Group LLC Takes $431,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Norden Group LLC bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,662 shares of the insurance provider’s stock, valued at approximately $431,000.

Other large investors have also bought and sold shares of the company. Davis Asset Management L.P. grew its stake in shares of Arch Capital Group by 441.7% in the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock valued at $482,755,000 after buying an additional 5,300,000 shares during the period. Norges Bank acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $309,496,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Arch Capital Group by 61.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after purchasing an additional 1,216,080 shares in the last quarter. Gladstone Capital Management LLP grew its position in Arch Capital Group by 52.8% in the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after purchasing an additional 478,570 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Arch Capital Group during the 4th quarter valued at $295,440,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.00% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $98.15 on Monday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $103.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The business has a fifty day simple moving average of $99.66 and a two-hundred day simple moving average of $90.35. The company has a market capitalization of $36.85 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.68 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $1.73 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts expect that Arch Capital Group Ltd. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Thursday. Roth Mkm restated a “buy” rating and issued a $110.00 target price on shares of Arch Capital Group in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, JMP Securities raised their price target on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Read Our Latest Analysis on Arch Capital Group

Arch Capital Group Profile

(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.

Further Reading

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

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