6,872 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, Holdings Channel reports. The institutional investor bought 6,872 shares of the insurance provider’s stock, valued at approximately $635,000.

A number of other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after purchasing an additional 337,786 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Arch Capital Group by 72.0% in the 3rd quarter. Cerity Partners LLC now owns 54,115 shares of the insurance provider’s stock valued at $6,054,000 after acquiring an additional 22,644 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Arch Capital Group by 136.5% in the 3rd quarter. Penserra Capital Management LLC now owns 3,952 shares of the insurance provider’s stock valued at $441,000 after acquiring an additional 2,281 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $388,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Arch Capital Group by 15.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,403 shares of the insurance provider’s stock worth $381,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, UBS Group decreased their price objective on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.19.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Trading Up 1.1 %

Shares of Arch Capital Group stock opened at $96.94 on Friday. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $92.16 and its 200-day moving average is $98.38. The stock has a market cap of $36.39 billion, a P/E ratio of 8.66, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the company earned $2.45 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

About Arch Capital Group

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.