Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 198.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 529,510 shares of the insurance provider's stock after purchasing an additional 352,228 shares during the period. Arch Capital Group comprises approximately 1.5% of Intech Investment Management LLC's holdings, making the stock its 20th biggest position. Intech Investment Management LLC owned approximately 0.14% of Arch Capital Group worth $48,900,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its stake in Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after purchasing an additional 110 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after purchasing an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock worth $214,000 after purchasing an additional 129 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock worth $285,000 after purchasing an additional 132 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its stake in Arch Capital Group by 2.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider's stock worth $656,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

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Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the 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 sale, the insider now owns 140,023 shares of the company's stock, 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 at this hyperlink. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded down $0.47 on Friday, hitting $91.98. 3,427,158 shares of the company were exchanged, compared to its average volume of 1,657,568. The firm has a market capitalization of $34.53 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The stock's 50 day moving average price is $91.99 and its 200 day moving average price is $98.85. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. 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 (NASDAQ:ACGL - Get Free Report) last posted its earnings results 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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Morgan Stanley decreased their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. UBS Group decreased their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods decreased 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 research note on Thursday, February 13th. Six investment 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, the stock has an average rating of "Moderate Buy" and an average price target of $117.19.

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.