Generali Asset Management SPA SGR Takes $1.48 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Generali Asset Management SPA SGR bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,069 shares of the insurance provider's stock, valued at approximately $1,484,000.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd raised its holdings in 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 worth $43,000 after purchasing an additional 260 shares during the period. Finally, UMB Bank n.a. raised its holdings in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the period. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Up 0.6 %

ACGL stock traded up $0.57 during mid-day trading on Tuesday, reaching $94.58. The company had a trading volume of 1,412,620 shares, compared to its average volume of 1,890,343. The company has a market capitalization of $35.50 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The stock has a 50 day simple moving average of $92.05 and a two-hundred day simple moving average of $98.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

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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 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 in the prior year, the business earned $2.45 EPS. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACGL. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, UBS Group lowered their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $117.19.

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.