Adage Capital Partners GP L.L.C. Has $34.68 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Adage Capital Partners GP L.L.C. increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,535 shares of the insurance provider's stock after acquiring an additional 22,535 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.10% of Arch Capital Group worth $34,681,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after purchasing an additional 110 shares during the period. CreativeOne Wealth LLC increased its stake in Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after buying an additional 126 shares during the period. HBK Sorce Advisory LLC lifted its position in Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after buying an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Arch Capital Group by 5.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock valued at $214,000 after buying an additional 129 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its holdings in shares of Arch Capital Group by 4.5% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company reduced 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. UBS Group dropped their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Stock Performance

ACGL stock traded up $0.51 during midday trading on Monday, hitting $91.19. The stock had a trading volume of 1,181,876 shares, compared to its average volume of 1,738,566. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $91.85 and a 200 day simple moving average of $94.97. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company earned $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm'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 sale, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.20% of the company's stock.

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.