Causeway Capital Management LLC Makes New $788,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Causeway Capital Management LLC purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,531 shares of the insurance provider's stock, valued at approximately $788,000.

Several other large investors also recently made changes to their positions in ACGL. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 260 shares during the period. UMB Bank n.a. increased its holdings in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares during the period. Finally, Larson Financial Group LLC grew its stake in Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after buying an additional 291 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.88.

Insider Activity at Arch Capital Group

In other Arch Capital Group 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is owned by insiders.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded up $0.21 on Friday, hitting $92.59. 1,414,329 shares of the company were exchanged, compared to its average volume of 1,736,884. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. 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 $34.79 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The company has a 50-day moving average price of $91.49 and a 200 day moving average price of $96.07.

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 (EPS) 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 business earned $2.45 earnings per share. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal 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.