Rep. Jefferson Shreve Purchases Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Arch Capital Group Ltd. NASDAQ: ACGL. In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in Arch Capital Group stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
• Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
• Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.

Arch Capital Group Trading Down 0.7 %

Shares of NASDAQ:ACGL traded down $0.63 during midday trading on Tuesday, reaching $90.09. The company had a trading volume of 1,909,960 shares, compared to its average volume of 1,914,512. 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 Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The firm has a market cap of $33.82 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a fifty day simple moving average of $91.89 and a two-hundred day simple moving average of $99.77.

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

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value 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. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 4.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ACGL. Barclays cut their price target on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and a consensus target price of $117.19.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock valued at $3,878,663,000 after purchasing an additional 182,150 shares during the last quarter. State Street Corp grew its position in shares of Arch Capital Group by 1.1% in the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock valued at $1,855,803,000 after purchasing an additional 172,628 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Arch Capital Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after purchasing an additional 180,493 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Arch Capital Group by 10.5% in the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after purchasing an additional 226,617 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.