Johnson Investment Counsel Inc. Grows Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Johnson Investment Counsel Inc. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 104.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,758 shares of the insurance provider's stock after purchasing an additional 4,478 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Arch Capital Group were worth $809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in shares of Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after buying an additional 337,786 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Arch Capital Group by 5.4% in the 3rd quarter. Atria Investments Inc now owns 31,883 shares of the insurance provider's stock valued at $3,567,000 after purchasing an additional 1,624 shares during the period. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group in the third quarter valued at approximately $50,000. Apollon Wealth Management LLC boosted its stake in shares of Arch Capital Group by 31.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,105 shares of the insurance provider's stock worth $683,000 after acquiring an additional 1,443 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in Arch Capital Group by 2.9% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,459 shares of the insurance provider's stock worth $1,282,000 after purchasing an additional 318 shares during the period. 89.07% of the stock is owned by institutional investors.

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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 the business's stock in a transaction on 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ACGL shares. UBS Group lowered their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Barclays decreased their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Morgan Stanley lowered their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Trading Up 1.4 %

Shares of NASDAQ:ACGL traded up $1.25 during midday trading on Thursday, reaching $90.41. The company's stock had a trading volume of 1,374,789 shares, compared to its average volume of 1,891,019. The firm has a 50 day moving average price of $91.83 and a two-hundred day moving average price of $99.69. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.62. 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 Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47.

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

Arch Capital Group Company 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.