FIL Ltd Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

FIL Ltd boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 93.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 337,473 shares of the insurance provider's stock after purchasing an additional 162,918 shares during the period. FIL Ltd owned about 0.09% of Arch Capital Group worth $31,166,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

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

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Arch Capital Group Trading Down 0.5 %

Shares of ACGL stock traded down $0.50 during trading hours on Tuesday, hitting $92.37. 674,332 shares of the company were exchanged, compared to its average volume of 1,733,601. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a 50 day simple moving average of $91.52 and a two-hundred day simple moving average of $96.26. The firm has a market cap of $34.71 billion, a P/E ratio of 8.26, 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 quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 quarter last year, the company earned $2.45 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling 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 on Wednesday, March 5th. The shares were 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 approximately $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.