KLP Kapitalforvaltning AS Makes New $15.32 Million Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

KLP Kapitalforvaltning AS purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 165,841 shares of the insurance provider's stock, valued at approximately $15,315,000.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Arch Capital Group during the third quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd boosted its holdings in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the period. Finally, UMB Bank n.a. grew its position in shares of 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. Institutional investors and hedge funds own 89.07% of the company's stock.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACGL. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Barclays reduced their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Finally, UBS Group reduced their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $117.19.

Arch Capital Group Stock Down 1.9 %

Shares of ACGL traded down $1.88 during midday trading on Friday, hitting $95.06. The stock had a trading volume of 1,193,197 shares, compared to its average volume of 1,720,277. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a market cap of $35.68 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a 50 day simple moving average of $92.16 and a two-hundred day simple moving average of $98.27. Arch Capital Group Ltd. has a twelve month low of $87.42 and a twelve month high of $116.47.

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

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.