Franklin Resources Inc. Acquires 8,256 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Franklin Resources Inc. increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,723 shares of the insurance provider's stock after purchasing an additional 8,256 shares during the period. Franklin Resources Inc. owned approximately 0.16% of Arch Capital Group worth $56,954,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Arch Capital Group during the 4th quarter worth about $554,000. Brandywine Global Investment Management LLC boosted its position in Arch Capital Group by 43.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 302,693 shares of the insurance provider's stock worth $27,954,000 after purchasing an additional 92,102 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Arch Capital Group by 35.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,614 shares of the insurance provider's stock valued at $798,000 after purchasing an additional 2,267 shares during the last quarter. Allstate Corp acquired a new position in Arch Capital Group during the fourth quarter valued at approximately $1,049,000. Finally, DnB Asset Management AS raised its position in shares of Arch Capital Group by 5.8% in the fourth quarter. DnB Asset Management AS now owns 73,008 shares of the insurance provider's stock valued at $6,742,000 after purchasing an additional 3,973 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Barclays decreased their target price on 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. Finally, Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Six 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 currently has an average rating of "Moderate Buy" and a consensus price target of $117.19.

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Insider Buying and Selling at Arch Capital Group

In other 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 value of $1,055,600.00. Following 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $96.28 on Friday. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. 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 company has a market capitalization of $36.17 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 2.31 and a beta of 0.62. The company has a 50-day moving average of $92.33 and a 200-day moving average of $97.87.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released 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 return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the company posted $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.

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