Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 198.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 529,510 shares of the insurance provider’s stock after buying an additional 352,228 shares during the period. Arch Capital Group makes up approximately 1.5% of Intech Investment Management LLC’s investment portfolio, making the stock its 20th largest position. Intech Investment Management LLC’s holdings in Arch Capital Group were worth $48,900,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Arch Capital Group by 4.8% during the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after acquiring an additional 337,786 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Arch Capital Group by 8.4% during the third quarter. CIBC Asset Management Inc now owns 54,616 shares of the insurance provider’s stock worth $6,110,000 after buying an additional 4,245 shares in the last quarter. Empowered Funds LLC raised its position in shares of Arch Capital Group by 4.6% during the third quarter. Empowered Funds LLC now owns 12,839 shares of the insurance provider’s stock worth $1,436,000 after purchasing an additional 564 shares during the period. Mutual of America Capital Management LLC lifted its stake in Arch Capital Group by 2.6% during the third quarter. Mutual of America Capital Management LLC now owns 82,518 shares of the insurance provider’s stock valued at $9,232,000 after buying an additional 2,107 shares in the last quarter. Finally, Swiss National Bank grew its position in Arch Capital Group by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,114,500 shares of the insurance provider’s stock worth $124,690,000 after purchasing an additional 3,800 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Up 2.9 %

Shares of NASDAQ ACGL opened at $95.28 on Tuesday. The firm has a 50 day moving average price of $91.92 and a 200 day moving average price of $99.23. 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 $35.76 billion, a P/E ratio of 8.51, a P/E/G ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) 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 firm earned $2.45 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of several research analyst reports. UBS Group lowered their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods decreased their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. JMP Securities reissued a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.