APG Asset Management N.V. Acquires 211,800 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

APG Asset Management N.V. lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 136.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,000 shares of the insurance provider's stock after acquiring an additional 211,800 shares during the quarter. APG Asset Management N.V. owned 0.10% of Arch Capital Group worth $32,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the fourth quarter valued at $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group in the 4th quarter worth about $42,000. Y.D. More Investments Ltd grew its holdings in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 260 shares during the period. UMB Bank n.a. raised its stake in shares of 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 buying an additional 414 shares during the period. Finally, Larson Financial Group LLC grew its stake in Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after acquiring an additional 291 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 1.5 %

Shares of ACGL stock traded up $1.36 during trading on Monday, hitting $93.49. 260,802 shares of the company were exchanged, compared to its average volume of 1,733,948. The business's 50-day simple moving average is $91.52 and its 200 day simple moving average is $96.40. The firm has a market capitalization of $35.13 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month 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.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping 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 prior year, the firm earned $2.45 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

ACGL has been the topic of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Barclays decreased their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, UBS Group reduced their price objective on 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus target price of $114.88.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred 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 owns 140,023 shares of the company's stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.10% of the company's stock.

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.