Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 624,055 shares of the insurance provider's stock after purchasing an additional 157,197 shares during the period. William Blair Investment Management LLC owned about 0.17% of Arch Capital Group worth $57,631,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Madison Investment Advisors LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth $410,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after purchasing an additional 2,168,897 shares during the last quarter. Swedbank AB lifted its stake in Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after purchasing an additional 919,793 shares during the last quarter. Egerton Capital UK LLP boosted its holdings in Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock valued at $368,289,000 after purchasing an additional 816,750 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Arch Capital Group by 10.5% in the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

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Analyst Upgrades and Downgrades

ACGL has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased 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 dropped their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Finally, JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.19.

Arch Capital Group Trading Down 0.5 %

ACGL stock traded down $0.47 during midday trading on Friday, hitting $91.98. The stock had a trading volume of 3,427,158 shares, compared to its average volume of 1,660,425. The company's 50-day moving average price is $91.95 and its 200 day moving average price is $99.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a market cap of $34.53 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results 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 previous year, the business posted $2.45 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

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