Geode Capital Management LLC Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Geode Capital Management LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,010,756 shares of the insurance provider's stock after buying an additional 180,493 shares during the quarter. Geode Capital Management LLC owned approximately 2.93% of Arch Capital Group worth $1,014,648,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ACGL. Quantbot Technologies LP acquired a new position in Arch Capital Group in the third quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $42,000. Y.D. More Investments Ltd grew its stake in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the period. Finally, UMB Bank n.a. grew its stake in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the period. Institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price 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. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley decreased their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Finally, JMP Securities restated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.19.

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Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

ACGL traded down $2.64 during trading on Monday, hitting $85.20. 1,089,301 shares of the company traded hands, compared to its average volume of 1,717,187. Arch Capital Group Ltd. has a one year low of $82.68 and a one year high of $116.47. The stock's fifty day moving average is $92.23 and its 200 day moving average is $97.46. The firm has a market cap of $32.01 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its 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 quarter last year, the firm earned $2.45 earnings per share. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.