Capital Investment Advisors LLC Acquires Shares of 7,907 Arch Capital Group Ltd. $ACGL

Capital Investment Advisors LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,907 shares of the insurance provider’s stock, valued at approximately $758,000.

A number of other large investors have also recently made changes to their positions in ACGL. WCM Investment Management LLC lifted its holdings in shares of Arch Capital Group by 1.3% in the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after acquiring an additional 171,693 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Arch Capital Group by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares during the last quarter. Invesco Ltd. increased its stake in Arch Capital Group by 2.3% during the second quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock worth $372,168,000 after acquiring an additional 90,824 shares during the last quarter. First Trust Advisors LP raised 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 period. Finally, UBS Group AG raised its position in Arch Capital Group by 56.4% during the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock valued at $248,466,000 after purchasing an additional 987,398 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Roth Mkm set a $110.00 price target on Arch Capital Group and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Royal Bank Of Canada boosted their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $109.20.

Arch Capital Group Trading Up 2.4%

ACGL opened at $95.62 on Tuesday. The stock has a market cap of $34.07 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 3.80 and a beta of 0.40. The stock’s 50 day moving average price is $96.34 and its 200-day moving average price is $93.21. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the company earned $2.26 EPS. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the sale, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Gansberg sold 5,907 shares of Arch Capital Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the sale, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 78,267 shares of company stock worth $7,291,637. 4.10% of the stock is currently owned by company insiders.

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.