Federated Hermes Inc. Has $109.16 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Federated Hermes Inc. grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,181,999 shares of the insurance provider's stock after buying an additional 240,803 shares during the quarter. Federated Hermes Inc. owned approximately 0.31% of Arch Capital Group worth $109,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Vanguard Group Inc. lifted its stake in shares of Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock worth $3,878,663,000 after buying an additional 182,150 shares during the last quarter. State Street Corp grew its holdings in Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock valued at $1,855,803,000 after buying an additional 172,628 shares during the last quarter. Geode Capital Management LLC increased its position in Arch Capital Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock worth $1,014,648,000 after buying an additional 180,493 shares during the period. Principal Financial Group Inc. boosted its position in shares of Arch Capital Group by 10.5% in the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after acquiring an additional 783,506 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after acquiring an additional 226,617 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Arch Capital Group Price Performance

NASDAQ ACGL traded up $1.60 on Friday, hitting $92.18. 745,189 shares of the company were exchanged, compared to its average volume of 1,732,713. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The firm has a 50 day moving average of $91.53 and a two-hundred day moving average of $96.66. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.63 billion, a P/E ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced 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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the business earned $2.45 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target 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. boosted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $117.06.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction on 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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.10% of the company's stock.

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.