Aviva PLC Buys 164,630 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Aviva PLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 242.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,416 shares of the insurance provider's stock after purchasing an additional 164,630 shares during the period. Aviva PLC owned 0.06% of Arch Capital Group worth $21,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its holdings in Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after purchasing an additional 110 shares during the period. HBK Sorce Advisory LLC lifted its position 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 valued at $219,000 after purchasing an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of 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 valued at $214,000 after acquiring an additional 129 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock worth $285,000 after buying an additional 132 shares during the period. Finally, Dynasty Wealth Management LLC boosted its holdings 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 valued at $656,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have weighed in on ACGL shares. UBS Group cut their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday. 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 note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. 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 for the company in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $114.88.

Insider Activity

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 value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.10% of the company's stock.

Arch Capital Group Price Performance

NASDAQ ACGL traded up $1.55 on Friday, reaching $92.13. The company had a trading volume of 1,928,388 shares, compared to its average volume of 1,739,768. 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 stock has a market capitalization of $34.61 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The firm's 50 day moving average price is $91.52 and its 200 day moving average price is $96.40.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly 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 business earned $2.45 EPS. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group Company 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.