453,451 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 453,451 shares of the insurance provider's stock, valued at approximately $41,876,000. Raymond James Financial Inc. owned approximately 0.12% of Arch Capital Group at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its stake in Arch Capital Group by 0.3% in the fourth 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. Flagship Harbor Advisors LLC raised its stake 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 valued at $214,000 after buying an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after buying an additional 132 shares in the last quarter. Dynasty Wealth Management LLC raised its stake in Arch Capital Group by 2.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider's stock valued at $656,000 after buying an additional 140 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in Arch Capital Group by 14.1% in the fourth quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider's stock valued at $118,000 after buying an additional 157 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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Arch Capital Group Stock Performance

ACGL traded up $2.16 during trading on Friday, reaching $92.57. The company's stock had a trading volume of 1,500,416 shares, compared to its average volume of 1,883,044. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The company's fifty day moving average price is $91.83 and its 200-day moving average price is $99.43. The company has a market capitalization of $34.75 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. 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 quarterly earnings data 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 return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the firm posted $2.45 EPS. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on 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 directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ACGL shares. Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

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.