Natixis Buys 24,383 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Natixis increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,738 shares of the insurance provider's stock after purchasing an additional 24,383 shares during the quarter. Natixis' holdings in Arch Capital Group were worth $8,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after buying an additional 6,663 shares during the period. Pittenger & Anderson Inc. grew its holdings in shares of Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after acquiring an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in shares of Arch Capital Group in the 4th quarter worth approximately $366,000. Northstar Group Inc. lifted its stake in shares of Arch Capital Group by 5.1% in the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock valued at $11,285,000 after purchasing an additional 5,947 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Arch Capital Group by 33.7% during the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after purchasing an additional 157,197 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

Shares of ACGL traded down $0.41 during mid-day trading on Thursday, hitting $92.10. 1,828,782 shares of the company traded hands, compared to its average volume of 1,739,174. The stock has a market cap of $34.60 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 0.36. The stock has a 50-day moving average price of $91.72 and a two-hundred day moving average price of $95.47. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. 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 (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 quarter last year, the firm posted $2.45 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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. Morgan Stanley lowered their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Royal Bank of Canada dropped their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group raised their price objective 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. Finally, Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.88.

Insider Buying and Selling at Arch Capital Group

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 transaction of $1,055,600.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by corporate insiders.

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.