Blueshift Asset Management LLC Buys 4,603 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Blueshift Asset Management LLC increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 154.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,587 shares of the insurance provider's stock after purchasing an additional 4,603 shares during the period. Blueshift Asset Management LLC's holdings in Arch Capital Group were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the fourth quarter worth $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group during the fourth quarter worth $42,000. Y.D. More Investments Ltd boosted its holdings in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

ACGL stock traded up $2.03 during mid-day trading on Monday, hitting $94.01. 1,726,087 shares of the company were exchanged, compared to its average volume of 1,656,917. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The stock has a market capitalization of $35.29 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The business has a 50 day simple moving average of $92.05 and a 200-day simple moving average of $98.52. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

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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 for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $2.45 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business'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 of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ACGL shares. Barclays reduced their price objective on shares of 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. JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Morgan Stanley lowered their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. UBS Group cut their price objective on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lowered their target price 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.19.

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.