Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 109.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,083,395 shares of the insurance provider's stock after purchasing an additional 566,751 shares during the period. Brandes Investment Partners LP owned 0.29% of Arch Capital Group worth $100,052,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after acquiring an additional 6,663 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after acquiring an additional 5,614 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after acquiring an additional 6,521 shares during the period. Pittenger & Anderson Inc. increased its position in shares of Arch Capital Group by 56.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after acquiring an additional 2,430 shares during the period. Finally, Metis Global Partners LLC increased its position in shares of Arch Capital Group by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock valued at $2,849,000 after acquiring an additional 5,345 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

ACGL has been the topic of several research reports. UBS Group cut their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered 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 report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Price Performance

Arch Capital Group stock traded down $0.11 during midday trading on Wednesday, reaching $93.19. The company had a trading volume of 1,583,337 shares, compared to its average volume of 1,655,967. The company has a market capitalization of $34.98 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47. The firm's fifty day simple moving average is $91.94 and its 200-day simple moving average is $99.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly 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 last year, the firm posted $2.45 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate 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.