Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 72.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,719 shares of the insurance provider's stock after purchasing an additional 5,750 shares during the period. Townsquare Capital LLC's holdings in Arch Capital Group were worth $1,267,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the fourth quarter worth about $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $42,000. Y.D. More Investments Ltd lifted 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 period. UMB Bank n.a. boosted its holdings 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 in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Arch Capital Group by 47.0% during the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after buying an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated 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 sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACGL. Barclays decreased their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted 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 lifted their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their target price 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 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.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $114.88.

Arch Capital Group Trading Down 0.0 %

Shares of Arch Capital Group stock traded down $0.04 during trading hours on Wednesday, hitting $92.91. The company's stock had a trading volume of 248,481 shares, compared to its average volume of 1,732,503. The firm has a fifty day moving average of $91.64 and a 200-day moving average of $95.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a market cap of $34.91 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

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

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.