William Blair Investment Management LLC Raises Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

William Blair Investment Management LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 624,055 shares of the insurance provider’s stock after purchasing an additional 157,197 shares during the quarter. William Blair Investment Management LLC owned about 0.17% of Arch Capital Group worth $57,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ACGL. Quantbot Technologies LP acquired a new position in Arch Capital Group during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group during the 4th quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group during the 4th quarter worth about $42,000. Y.D. More Investments Ltd lifted its stake in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 414 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s 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 completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Barclays reduced their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. UBS Group reduced their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $95.28 on Tuesday. The stock has a fifty day moving average price of $91.92 and a 200 day moving average price of $99.23. The stock has a market cap of $35.76 billion, a PE ratio of 8.51, a P/E/G ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data 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 return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company 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.