World Investment Advisors Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

World Investment Advisors lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,952 shares of the insurance provider’s stock after purchasing an additional 165 shares during the period. World Investment Advisors’ holdings in Arch Capital Group were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock worth $3,878,663,000 after buying an additional 182,150 shares in the last quarter. Geode Capital Management LLC raised its stake in Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider’s stock worth $1,014,648,000 after acquiring an additional 180,493 shares during the period. Principal Financial Group Inc. lifted its holdings in Arch Capital Group by 10.5% during 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock worth $488,992,000 after purchasing an additional 226,617 shares during the period. Finally, Norges Bank purchased a new stake in shares of Arch Capital Group in the fourth quarter worth $437,291,000. 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 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 completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACGL. Keefe, Bruyette & Woods dropped 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 report on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley dropped their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, UBS Group reduced their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Arch Capital Group Stock Up 1.7 %

Shares of NASDAQ:ACGL opened at $86.42 on Wednesday. The company has a 50-day moving average price of $91.68 and a 200 day moving average price of $97.01. 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 Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a market cap of $32.47 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS 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 in the previous year, the business posted $2.45 earnings per share. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.