Marshall Wace LLP Takes $151.34 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Marshall Wace LLP acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,638,790 shares of the insurance provider's stock, valued at approximately $151,342,000. Marshall Wace LLP owned approximately 0.44% of Arch Capital Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock worth $832,246,000 after acquiring an additional 337,786 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $367,000. Virtu Financial LLC bought a new position in shares of Arch Capital Group in the third quarter valued at approximately $1,106,000. SkyView Investment Advisors LLC increased its position in shares of Arch Capital Group by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider's stock valued at $3,252,000 after acquiring an additional 454 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in Arch Capital Group during the third quarter worth $312,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACGL. Jefferies Financial Group raised their target price on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. UBS Group decreased their price target 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, April 9th. JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus target price of $114.88.

Arch Capital Group Price Performance

NASDAQ ACGL traded up $0.21 during trading on Friday, reaching $92.59. The company's stock had a trading volume of 1,414,329 shares, compared to its average volume of 1,738,199. The firm has a fifty day moving average of $91.55 and a 200 day moving average of $95.93. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The stock has a market capitalization of $34.79 billion, a PE ratio of 8.27, a P/E/G ratio of 2.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly 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 net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the firm posted $2.45 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company's stock.

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.