HM Payson & Co. Buys 7,598 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

HM Payson & Co. raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 341.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,823 shares of the insurance provider's stock after purchasing an additional 7,598 shares during the quarter. HM Payson & Co.'s holdings in Arch Capital Group were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after purchasing an additional 2,168,897 shares in the last quarter. Swedbank AB lifted its stake in shares of Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock valued at $116,542,000 after acquiring an additional 919,793 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after acquiring an additional 783,506 shares during the period. Erste Asset Management GmbH bought a new position in Arch Capital Group during the 3rd quarter worth approximately $82,748,000. Finally, AustralianSuper Pty Ltd increased its stake in Arch Capital Group by 736.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider's stock worth $70,774,000 after purchasing an additional 674,739 shares during the period. Institutional investors own 89.07% of the company's stock.

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Insiders Place Their Bets

In other 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Down 0.6 %

Shares of ACGL traded down $0.54 on Tuesday, hitting $90.18. 388,005 shares of the stock traded hands, compared to its average volume of 1,880,708. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The company has a market capitalization of $33.85 billion, a PE ratio of 8.05, a P/E/G ratio of 2.31 and a beta of 0.62. The business has a 50 day simple moving average of $91.94 and a 200 day simple moving average of $99.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping 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 business posted $2.45 earnings per share. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ACGL. JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Bank of America decreased their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a report on Friday, November 15th. Royal Bank of Canada reduced their price objective on shares of 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. Morgan Stanley decreased their price objective 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, Wells Fargo & Company reduced their price target on shares of 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.19.

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.