AssuredPartners Investment Advisors LLC Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

AssuredPartners Investment Advisors LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,872 shares of the insurance provider's stock, valued at approximately $635,000.

Several other hedge funds also recently made changes to their positions in ACGL. Principal Financial Group Inc. increased its position in shares of Arch Capital Group by 4.8% during the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after buying an additional 337,786 shares during the period. Cerity Partners LLC grew its stake in Arch Capital Group by 72.0% during the third quarter. Cerity Partners LLC now owns 54,115 shares of the insurance provider's stock valued at $6,054,000 after acquiring an additional 22,644 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Arch Capital Group by 136.5% during the 3rd quarter. Penserra Capital Management LLC now owns 3,952 shares of the insurance provider's stock worth $441,000 after acquiring an additional 2,281 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Arch Capital Group in the 3rd quarter worth approximately $388,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Arch Capital Group by 15.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,403 shares of the insurance provider's stock valued at $381,000 after purchasing an additional 450 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred 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 sale, the insider now directly owns 140,023 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price objective on 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. Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of 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. UBS Group lowered their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock 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 on the stock in a report on Thursday, February 13th. Six research 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.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Trading Up 0.1 %

Shares of NASDAQ:ACGL traded up $0.13 during trading on Tuesday, reaching $96.31. 271,427 shares of the company traded hands, compared to its average volume of 1,714,821. 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 Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The business's fifty day moving average is $92.17 and its 200-day moving average is $98.00. The firm has a market capitalization of $36.19 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly 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 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, analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS 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.