Dimensional Fund Advisors LP Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Dimensional Fund Advisors LP lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,150,824 shares of the insurance provider's stock after purchasing an additional 185,838 shares during the period. Dimensional Fund Advisors LP owned about 1.10% of Arch Capital Group worth $383,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock worth $832,246,000 after purchasing an additional 337,786 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Arch Capital Group during the third quarter worth approximately $1,106,000. SkyView Investment Advisors LLC raised its holdings in shares of Arch Capital Group by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider's stock valued at $3,252,000 after buying an additional 454 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Arch Capital Group during the 3rd quarter valued at approximately $312,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Arch Capital Group during the 3rd quarter worth approximately $6,817,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACGL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Barclays decreased their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, Wells Fargo & Company cut their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Trading Down 0.4 %

Arch Capital Group stock traded down $0.41 during midday trading on Thursday, reaching $92.10. The stock had a trading volume of 1,828,739 shares, compared to its average volume of 1,850,025. The stock has a market capitalization of $34.60 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock's 50-day simple moving average is $91.72 and its 200 day simple moving average is $95.47. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $2.45 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.42 EPS 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 stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.20% of the company's stock.

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.