Rafferty Asset Management LLC Has $12.21 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Rafferty Asset Management LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 132,204 shares of the insurance provider’s stock after purchasing an additional 5,224 shares during the period. Rafferty Asset Management LLC’s holdings in Arch Capital Group were worth $12,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after purchasing an additional 6,663 shares during the period. Pittenger & Anderson Inc. boosted its stake in Arch Capital Group by 56.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new position in Arch Capital Group in the 4th quarter worth approximately $366,000. Northstar Group Inc. boosted its stake in shares of Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock valued at $11,285,000 after buying an additional 5,947 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in shares of Arch Capital Group by 33.7% during the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider’s stock valued at $57,631,000 after acquiring an additional 157,197 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $94.59 on Friday. The company’s fifty day moving average price is $92.47 and its 200 day moving average price is $93.57. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. 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 company has a market capitalization of $35.45 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other news, insider John M. Pasquesi sold 75,060 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the transaction, the insider now owns 579,218 shares in the company, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Louis T. Petrillo sold 11,600 shares of the business’s 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 transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,946 shares of company stock worth $10,392,092. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ACGL has been the topic of a number of research reports. Barclays dropped their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Morgan Stanley reduced their price objective on shares of 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

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.