Stephens Inc. AR Buys 20,836 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Stephens Inc. AR raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 184.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,120 shares of the insurance provider's stock after purchasing an additional 20,836 shares during the period. Stephens Inc. AR's holdings in Arch Capital Group were worth $3,594,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ACGL. State Board of Administration of Florida Retirement System grew its stake in shares of Arch Capital Group by 5.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider's stock valued at $39,851,000 after buying an additional 21,332 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Arch Capital Group by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider's stock worth $2,106,000 after purchasing an additional 519 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider's stock worth $1,266,000 after purchasing an additional 5,684 shares during the last quarter. Swedbank AB bought a new stake in shares of Arch Capital Group in the first quarter worth about $25,060,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Arch Capital Group by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider's stock worth $97,299,000 after purchasing an additional 7,109 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Down 2.6 %

Shares of ACGL stock traded down $2.54 during trading hours on Friday, hitting $96.02. 4,006,539 shares of the company's stock traded hands, compared to its average volume of 1,976,139. The stock's fifty day simple moving average is $110.43 and its two-hundred day simple moving average is $102.79. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $116.47. The stock has a market cap of $36.11 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 1.83 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $2.31 EPS. On average, analysts expect that Arch Capital Group Ltd. will post 9.05 EPS for the current year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on Arch Capital Group from $110.00 to $126.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Bank of America lifted their price objective on Arch Capital Group from $119.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. TD Cowen lifted their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada cut their price objective on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.40.

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.