AustralianSuper Pty Ltd Has $70.77 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

AustralianSuper Pty Ltd lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 736.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 766,365 shares of the insurance provider's stock after purchasing an additional 674,739 shares during the period. AustralianSuper Pty Ltd owned 0.20% of Arch Capital Group worth $70,774,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Arch Capital Group by 245.1% in 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 worth $341,652,000 after acquiring an additional 2,168,897 shares during the period. Swedbank AB increased its stake in shares of Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after purchasing an additional 919,793 shares during the period. Erste Asset Management GmbH bought a new position in shares of Arch Capital Group in the third quarter worth about $82,748,000. National Pension Service acquired a new position in shares of Arch Capital Group during the 3rd quarter worth about $64,271,000. Finally, International Assets Investment Management LLC boosted its stake in Arch Capital Group by 18,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock valued at $616,840,000 after purchasing an additional 548,402 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Keefe, Bruyette & Woods reduced 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 report on Thursday, February 13th. Royal Bank of Canada dropped their price objective 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. UBS Group reduced their target price 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. Finally, 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $117.19.

Arch Capital Group Price Performance

ACGL stock traded up $0.36 during midday trading on Wednesday, reaching $88.69. 1,559,248 shares of the company's stock traded hands, compared to its average volume of 1,949,961. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market cap of $33.37 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 2.25 and a beta of 0.64. The company has a 50-day simple moving average of $92.17 and a two-hundred day simple moving average of $100.76. Arch Capital Group Ltd. has a 1-year low of $83.97 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its 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 return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the firm earned $2.45 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.64 earnings per share for the current year.

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.