Farther Finance Advisors LLC Raises Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Farther Finance Advisors LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 324.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,033 shares of the insurance provider’s stock after purchasing an additional 3,082 shares during the quarter. Farther Finance Advisors LLC’s holdings in Arch Capital Group were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at $437,291,000. Madison Investment Advisors LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth about $410,010,000. First Trust Advisors LP boosted its position in Arch Capital Group by 663.3% in the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider’s stock valued at $227,401,000 after buying an additional 2,139,782 shares during the period. Marshall Wace LLP bought a new position in Arch Capital Group in the 4th quarter worth about $151,342,000. Finally, Egerton Capital UK LLP increased its holdings in Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock worth $368,289,000 after purchasing an additional 816,750 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.2%

Shares of NASDAQ ACGL opened at $91.14 on Tuesday. The stock has a fifty day moving average price of $92.70 and a 200 day moving average price of $92.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a market cap of $34.16 billion, a P/E ratio of 8.14, a P/E/G ratio of 2.31 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period in the prior year, the business earned $2.45 earnings per share. Arch Capital Group’s revenue was up 10.5% on a year-over-year basis. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now directly owns 795,718 shares of the company’s stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer now directly owns 274,681 shares of the company’s stock, valued at $25,979,328.98. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,976 shares of company stock valued at $10,531,038. Company insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. UBS Group raised their target price on Arch Capital Group to $124.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. increased their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.63.

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.