Grantham Mayo Van Otterloo & Co. LLC Purchases 143,094 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 106.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,810 shares of the insurance provider's stock after buying an additional 143,094 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.07% of Arch Capital Group worth $25,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after purchasing an additional 110 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after buying an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock valued at $214,000 after acquiring an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position in shares of Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after acquiring an additional 132 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its position in shares of Arch Capital Group by 2.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider's stock valued at $656,000 after acquiring an additional 140 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction that occurred 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 directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. 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.

Arch Capital Group Price Performance

Arch Capital Group stock traded up $1.11 during trading hours on Friday, reaching $91.69. 633,368 shares of the stock were exchanged, compared to its average volume of 1,732,199. The stock has a 50 day moving average of $91.53 and a two-hundred day moving average of $96.66. The company has a market cap of $34.45 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

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 (EPS) for the quarter, beating 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 period in the previous year, the business earned $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their target price 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. UBS Group dropped their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday. Barclays reduced 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. Finally, JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.06.

About Arch Capital Group

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.