Vanguard Group Inc. Acquires 182,150 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Vanguard Group Inc. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,999,603 shares of the insurance provider's stock after purchasing an additional 182,150 shares during the period. Vanguard Group Inc. owned approximately 11.16% of Arch Capital Group worth $3,878,663,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the third quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in Arch Capital Group in the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its stake in shares of Arch Capital Group by 125.6% during the fourth 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. Finally, UMB Bank n.a. grew its holdings in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction 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 owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.20% of the company's stock.

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Arch Capital Group Stock Down 1.9 %

ACGL stock traded down $1.88 during midday trading on Friday, hitting $95.06. The company's stock had a trading volume of 1,193,197 shares, compared to its average volume of 1,720,277. The company has a market cap of $35.68 billion, a PE ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.62. The firm's 50-day moving average is $92.16 and its 200-day moving average is $98.27. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 period last year, the business posted $2.45 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. 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 note on Thursday, February 13th. Wells Fargo & Company cut their target price on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

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.