Stifel Financial Corp Purchases 23,040 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Stifel Financial Corp raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,003,717 shares of the insurance provider's stock after buying an additional 23,040 shares during the period. Stifel Financial Corp owned approximately 0.27% of Arch Capital Group worth $92,693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ACGL. Oregon Public Employees Retirement Fund grew its position in Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after purchasing an additional 110 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in shares of Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 126 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after acquiring an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of 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 worth $214,000 after buying an additional 129 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of 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 purchasing an additional 132 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACGL has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group increased their price target 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. Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Stock Down 1.5 %

Shares of NASDAQ:ACGL traded down $1.42 during midday trading on Friday, reaching $90.68. The company had a trading volume of 1,304,307 shares, compared to its average volume of 1,737,442. The stock has a market cap of $34.07 billion, a PE ratio of 8.10, a P/E/G 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. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The business's 50 day moving average price is $91.80 and its 200 day moving average price is $95.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results 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 previous year, the company posted $2.45 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of the company'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 transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by company insiders.

About Arch Capital Group

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.