Park Avenue Securities LLC Purchases 5,576 Shares of Arch Capital Group Ltd. $ACGL

Park Avenue Securities LLC lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,994 shares of the insurance provider’s stock after purchasing an additional 5,576 shares during the quarter. Park Avenue Securities LLC’s holdings in Arch Capital Group were worth $3,453,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ACGL. Norges Bank purchased a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $441,551,000. Cooke & Bieler LP purchased a new stake in Arch Capital Group in the third quarter valued at approximately $210,856,000. First Trust Advisors LP lifted its position in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Arch Capital Group by 289.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock worth $124,615,000 after buying an additional 1,016,919 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Arch Capital Group by 112.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock worth $171,953,000 after buying an additional 1,003,004 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.1%

Shares of ACGL stock opened at $92.30 on Monday. The business has a 50-day moving average of $96.01 and a 200 day moving average of $93.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The stock has a market capitalization of $32.84 billion, a PE ratio of 7.94, a P/E/G ratio of 3.75 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.64. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter in the previous year, the company posted $2.26 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ACGL shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Weiss Ratings upgraded Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a research report on Thursday, February 12th. Morgan Stanley set a $125.00 price target on shares of Arch Capital Group in a research report on Friday, January 16th. Finally, Citigroup restated a “buy” rating and issued a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of “Hold” and an average price target of $109.20.

Insider Activity

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the sale, the director owned 2,000 shares of the company’s stock, valued at $34,220. This represents a 60.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares in the company, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 78,267 shares of company stock valued at $7,291,637 in the last three months. Corporate insiders own 4.10% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.