Silvercrest Asset Management Group LLC Has $7.55 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Silvercrest Asset Management Group LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 22.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,746 shares of the insurance provider’s stock after purchasing an additional 14,833 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Arch Capital Group were worth $7,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ACGL. Assenagon Asset Management S.A. raised its holdings in Arch Capital Group by 11.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,504 shares of the insurance provider’s stock valued at $3,186,000 after acquiring an additional 3,410 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Arch Capital Group by 4.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 120,909 shares of the insurance provider’s stock valued at $11,166,000 after purchasing an additional 5,417 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Arch Capital Group by 167.2% during the fourth quarter. Merit Financial Group LLC now owns 5,911 shares of the insurance provider’s stock worth $546,000 after purchasing an additional 3,699 shares during the period. Brooklyn Investment Group lifted its holdings in Arch Capital Group by 15.6% during the 4th quarter. Brooklyn Investment Group now owns 1,456 shares of the insurance provider’s stock worth $134,000 after purchasing an additional 196 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in Arch Capital Group by 3.3% during the 4th quarter. HB Wealth Management LLC now owns 8,172 shares of the insurance provider’s stock worth $755,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider now owns 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction on 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 sale, the insider now directly 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 three months, insiders have sold 110,946 shares of company stock valued at $10,392,092. 4.20% of the stock is owned by insiders.

Arch Capital Group Trading Up 1.1%

Shares of ACGL opened at $94.59 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The firm has a market cap of $35.45 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 2.31 and a beta of 0.57. The business’s fifty day moving average is $92.47 and its 200-day moving average is $93.46.

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

Analysts Set New Price Targets

ACGL has been the topic of a number of research reports. Wells Fargo & Company upped their price objective on Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. UBS Group lowered their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Morgan Stanley decreased their target price on shares of 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $115.00.

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.