Maren Capital LLC Takes $33.69 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Maren Capital LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 364,805 shares of the insurance provider's stock, valued at approximately $33,690,000. Arch Capital Group comprises 2.6% of Maren Capital LLC's holdings, making the stock its 16th largest position. Maren Capital LLC owned approximately 0.10% of Arch Capital Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group during the third quarter worth $25,000. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group in the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the 4th quarter worth $42,000. Y.D. More Investments Ltd increased its stake in shares of 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 buying an additional 260 shares during the period. Finally, UMB Bank n.a. raised its holdings 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 acquiring an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is owned by corporate insiders.

Arch Capital Group Stock Performance

ACGL traded up $1.55 on Friday, reaching $92.13. The stock had a trading volume of 1,928,388 shares, compared to its average volume of 1,738,633. The business's 50-day moving average price is $91.52 and its two-hundred day moving average price is $96.51. 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 12-month low of $82.49 and a 12-month high of $116.47. The company has a market cap of $34.61 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36.

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 period in the previous year, the business posted $2.45 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ACGL. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Barclays lowered their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday. Morgan Stanley reduced 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 research note on Friday, February 14th. UBS Group lowered their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $114.88.

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.