Gladstone Capital Management LLP Increases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Gladstone Capital Management LLP lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,338,272 shares of the insurance provider's stock after buying an additional 90,962 shares during the period. Arch Capital Group makes up approximately 10.3% of Gladstone Capital Management LLP's portfolio, making the stock its 2nd biggest holding. Gladstone Capital Management LLP owned 0.36% of Arch Capital Group worth $123,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Arch Capital Group in the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd raised its holdings in shares of Arch Capital Group by 125.6% in the 4th 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. lifted its stake 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 valued at $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded down $1.98 during trading hours on Thursday, reaching $89.50. 888,458 shares of the stock traded hands, compared to its average volume of 1,729,233. The company has a market capitalization of $33.63 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company's 50-day simple moving average is $91.58 and its two-hundred day simple moving average is $96.82.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 period last year, the firm posted $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated 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 directly owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ACGL shares. UBS Group dropped their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday. Morgan Stanley reduced their target price on shares of 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. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, Barclays cut their price target on 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.06.

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.