Northwest & Ethical Investments L.P. Increases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Northwest & Ethical Investments L.P. increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,465 shares of the insurance provider's stock after purchasing an additional 6,055 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Arch Capital Group were worth $3,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ACGL. Oregon Public Employees Retirement Fund boosted its holdings in shares of Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after buying an additional 110 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after acquiring an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock worth $214,000 after purchasing an additional 129 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after purchasing an additional 132 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its holdings in shares of Arch Capital Group by 2.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider's stock valued at $656,000 after purchasing an additional 140 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

ACGL has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Barclays cut their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, UBS Group decreased their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $117.19.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded up $0.57 during trading hours on Tuesday, reaching $94.58. 1,412,620 shares of the stock traded hands, compared to its average volume of 1,655,992. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The firm has a market capitalization of $35.50 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $92.05 and a 200 day moving average price of $98.52.

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 (EPS) for the quarter, beating the consensus estimate 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 business earned $2.45 earnings per share. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business'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 completion of the sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Company 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.