Sei Investments Co. Buys 415,815 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Sei Investments Co. increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 41.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,429,505 shares of the insurance provider's stock after buying an additional 415,815 shares during the quarter. Sei Investments Co. owned about 0.38% of Arch Capital Group worth $132,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd boosted its holdings in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings 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 acquiring an additional 414 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACGL. UBS Group decreased their price objective 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 reduced their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Barclays cut their price target on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut 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. Finally, Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.19.

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Insider Activity at Arch Capital Group

In other 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 transaction of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Arch Capital Group Price Performance

NASDAQ:ACGL traded up $1.35 during trading hours on Wednesday, reaching $95.93. The company had a trading volume of 1,321,957 shares, compared to its average volume of 1,650,563. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The firm has a market capitalization of $36.01 billion, a PE ratio of 8.57, a PEG ratio of 2.31 and a beta of 0.62. The stock has a 50-day moving average of $92.15 and a two-hundred day moving average of $98.39. 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 released its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS 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 posted $2.45 earnings per share. Analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current 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.