Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Prudential PLC

Prudential PLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,537 shares of the insurance provider's stock after buying an additional 6,390 shares during the period. Prudential PLC owned approximately 0.05% of Arch Capital Group worth $18,520,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock worth $832,246,000 after purchasing an additional 337,786 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $25,000. Benjamin Edwards Inc. purchased a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $1,873,000. Janus Henderson Group PLC boosted its holdings in Arch Capital Group by 1.4% in the 3rd quarter. Janus Henderson Group PLC now owns 44,916 shares of the insurance provider's stock worth $5,025,000 after acquiring an additional 600 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in Arch Capital Group by 120.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 104,303 shares of the insurance provider's stock valued at $11,669,000 after acquiring an additional 56,936 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group 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 sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.10% of the company's stock.

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Analysts Set New Price Targets

ACGL has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Morgan Stanley dropped their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada reduced their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.25.

Arch Capital Group Stock Performance

NASDAQ ACGL traded down $0.51 during trading hours on Wednesday, hitting $85.91. The company had a trading volume of 658,506 shares, compared to its average volume of 1,728,045. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market cap of $32.28 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. 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 business has a fifty day simple moving average of $91.68 and a 200-day simple moving average of $97.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 period in the prior year, the firm posted $2.45 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.