285,061 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 285,061 shares of the insurance provider's stock, valued at approximately $26,325,000. Aware Super Pty Ltd as trustee of Aware Super owned about 0.08% of Arch Capital Group at the end of the most recent quarter.

Several other large investors have also modified their holdings of ACGL. Norges Bank bought a new position in Arch Capital Group in the 4th quarter worth $437,291,000. Madison Investment Advisors LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth about $410,010,000. Swedbank AB lifted its position in shares of Arch Capital Group by 268.8% during the 4th 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 last quarter. Egerton Capital UK LLP lifted its position in shares of Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after purchasing an additional 816,750 shares during the last quarter. Finally, High Ground Investment Management LLP boosted its stake in Arch Capital Group by 246.3% during the 4th quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider's stock valued at $102,367,000 after purchasing an additional 788,393 shares during the period. 89.07% of the stock is owned by institutional investors.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated 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 completion of the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACGL has been the topic of several recent analyst reports. UBS Group dropped their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. 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. JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. 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 research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their target price on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.88.

Arch Capital Group Price Performance

NASDAQ:ACGL traded up $0.21 during trading hours on Friday, reaching $92.59. The company had a trading volume of 1,414,329 shares, compared to its average volume of 1,738,199. 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 50-day moving average of $91.55 and a two-hundred day moving average of $95.93. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The firm has a market capitalization of $34.79 billion, a PE ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.36.

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 for the quarter, topping the consensus estimate 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 business posted $2.45 EPS. Analysts forecast 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.