Sterling Capital Management LLC Has $1.99 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Sterling Capital Management LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,493 shares of the insurance provider's stock after buying an additional 7,665 shares during the quarter. Sterling Capital Management LLC's holdings in Arch Capital Group were worth $1,985,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group during the fourth quarter valued at $42,000. Y.D. More Investments Ltd boosted its stake in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 260 shares during the last quarter. UMB Bank n.a. boosted its stake in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after acquiring an additional 414 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Arch Capital Group by 47.0% during the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after acquiring an additional 291 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. UBS Group reduced their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Jefferies Financial Group upped their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, April 11th. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Stock Up 0.2 %

Shares of NASDAQ ACGL traded up $0.21 during mid-day trading on Friday, hitting $92.59. The company had a trading volume of 1,414,329 shares, compared to its average volume of 1,736,884. 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 firm has a 50-day simple moving average of $91.49 and a two-hundred day simple moving average of $96.07. The company has a market capitalization of $34.79 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $2.45 earnings per share. On average, equities analysts expect 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.