Mariner LLC Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mariner LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 47.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 599,767 shares of the insurance provider's stock after acquiring an additional 194,282 shares during the period. Mariner LLC owned about 0.16% of Arch Capital Group worth $55,388,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $437,291,000. Madison Investment Advisors LLC bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $410,010,000. Swedbank AB boosted its holdings in Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock valued at $116,542,000 after acquiring an additional 919,793 shares during the last quarter. Egerton Capital UK LLP increased its position in Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock valued at $368,289,000 after purchasing an additional 816,750 shares during the period. Finally, High Ground Investment Management LLP raised its holdings in Arch Capital Group by 246.3% during the 4th quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider's stock worth $102,367,000 after purchasing an additional 788,393 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ACGL shares. UBS Group lowered their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group boosted their target price on shares of 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 reduced their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, Morgan Stanley dropped their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.88.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $0.21 during mid-day trading on Friday, reaching $92.59. 1,414,329 shares of the company's stock were exchanged, compared to its average volume of 1,736,884. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a market capitalization of $34.79 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The firm has a 50-day moving average price of $91.49 and a two-hundred day moving average price of $96.07.

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

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group 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 of the company's stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.20% of the stock is owned by company insiders.

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.