Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 264,779 shares of the insurance provider's stock after acquiring an additional 18,165 shares during the period. Russell Investments Group Ltd. owned 0.07% of Arch Capital Group worth $24,432,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ACGL. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group in the 4th quarter valued at about $42,000. Y.D. More Investments Ltd lifted its position in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after buying an additional 260 shares during the last quarter. UMB Bank n.a. boosted its stake in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after buying an additional 414 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Arch Capital Group by 47.0% during the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after acquiring an additional 291 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Up 1.5 %

Shares of NASDAQ ACGL traded up $1.39 during mid-day trading on Monday, reaching $93.52. The company had a trading volume of 197,845 shares, compared to its average volume of 1,733,735. The firm has a 50 day simple moving average of $91.52 and a two-hundred day simple moving average of $96.40. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a market cap of $35.14 billion, a P/E ratio of 8.35, a PEG ratio of 2.31 and a beta of 0.36.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results 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 in the previous year, the company earned $2.45 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ACGL shares. JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Jefferies Financial Group upped their price target on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company dropped their price objective 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. Barclays decreased their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.88.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm's 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.10% of the stock is currently owned by corporate insiders.

Arch Capital Group 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.