Great Lakes Advisors LLC Has $640,000 Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Great Lakes Advisors LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 79.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,932 shares of the insurance provider's stock after acquiring an additional 3,075 shares during the period. Great Lakes Advisors LLC's holdings in Arch Capital Group were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after buying an additional 6,663 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after buying an additional 5,614 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after buying an additional 6,521 shares during the last quarter. Pittenger & Anderson Inc. raised its position in shares of Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after buying an additional 2,430 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of Arch Capital Group by 172.2% in the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock valued at $6,201,000 after buying an additional 35,060 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

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Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group 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 completion of the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays cut their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. UBS Group lowered their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered 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 report on Friday, February 14th. Finally, Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $117.19.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded down $0.74 on Thursday, reaching $92.45. 1,367,816 shares of the company's stock were exchanged, compared to its average volume of 1,872,947. The firm has a market capitalization of $34.70 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The business's 50-day moving average is $91.95 and its two-hundred day moving average is $99.05. 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 (NASDAQ:ACGL - Get Free Report) last announced its earnings results 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 last year, the firm posted $2.45 earnings per share. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.