Dark Forest Capital Management LP Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Dark Forest Capital Management LP boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 107.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,771 shares of the insurance provider's stock after acquiring an additional 2,992 shares during the period. Dark Forest Capital Management LP's holdings in Arch Capital Group were worth $533,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in shares of Arch Capital Group by 2.2% in the 4th quarter. Hsbc Holdings PLC now owns 475,852 shares of the insurance provider's stock worth $43,818,000 after purchasing an additional 10,198 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Arch Capital Group by 2.3% in the fourth quarter. Stifel Financial Corp now owns 1,003,717 shares of the insurance provider's stock valued at $92,693,000 after buying an additional 23,040 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Arch Capital Group by 6.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,878 shares of the insurance provider's stock valued at $2,852,000 after buying an additional 2,002 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Arch Capital Group by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 98,932 shares of the insurance provider's stock worth $9,136,000 after acquiring an additional 1,789 shares in the last quarter. Finally, Natixis raised its holdings in shares of Arch Capital Group by 37.9% in the 4th quarter. Natixis now owns 88,738 shares of the insurance provider's stock worth $8,195,000 after acquiring an additional 24,383 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $1.20 during mid-day trading on Tuesday, hitting $92.39. The company had a trading volume of 1,271,479 shares, compared to its average volume of 1,736,704. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 2.31 and a beta of 0.36. The stock's 50-day moving average price is $91.90 and its 200-day moving average price is $94.81.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group dropped their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped 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. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $114.88.

Arch Capital Group 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.