Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 98.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,925 shares of the insurance provider's stock after purchasing an additional 3,442 shares during the period. Independent Advisor Alliance's holdings in Arch Capital Group were worth $640,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. State Street Corp boosted its position in Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock worth $1,855,803,000 after purchasing an additional 172,628 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider's stock valued at $1,208,307,000 after buying an additional 253,648 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after buying an additional 783,506 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after buying an additional 226,617 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock valued at $341,652,000 after buying an additional 2,168,897 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

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Arch Capital Group Trading Down 0.8 %

Shares of ACGL traded down $0.74 during midday trading on Thursday, reaching $92.45. The company had a trading volume of 1,366,980 shares, compared to its average volume of 1,653,667. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The stock has a market cap of $34.70 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The firm has a 50 day simple moving average of $91.95 and a 200-day simple moving average of $99.05. 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 (EPS) for the quarter, topping 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 prior year, the firm posted $2.45 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ACGL shares. Morgan Stanley decreased their target price on 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. Keefe, Bruyette & Woods decreased their target price on 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 decreased 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. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. 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 has an average rating of "Moderate Buy" and an average price target of $117.19.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction 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 directly owns 140,023 shares of the company's stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.20% of the company's stock.

About Arch Capital Group

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.