Capital International Investors Grows Holdings in Arch Capital Group Ltd. $ACGL

Capital International Investors lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,917,867 shares of the insurance provider’s stock after acquiring an additional 26,226 shares during the quarter. Capital International Investors’ holdings in Arch Capital Group were worth $183,962,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of Arch Capital Group by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares during the last quarter. Norges Bank bought a new stake in shares of Arch Capital Group in the 4th quarter worth approximately $463,208,000. Goldman Sachs Group Inc. lifted its holdings in shares of Arch Capital Group by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after acquiring an additional 160,326 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after acquiring an additional 121,090 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Arch Capital Group by 409.5% in the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after acquiring an additional 2,279,147 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the sale, the director owned 2,000 shares in the company, valued at approximately $34,220. The trade was a 60.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the transaction, the director owned 9,915 shares in the company, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 8,000 shares of company stock worth $144,590 in the last quarter. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACGL. Mizuho lowered their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Barclays lifted their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.32.

Arch Capital Group Stock Down 1.7%

Shares of NASDAQ ACGL opened at $89.61 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The firm has a market capitalization of $31.31 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 5.01 and a beta of 0.32. The firm has a fifty day simple moving average of $94.77 and a two-hundred day simple moving average of $95.05.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion for the quarter. Equities analysts expect that Arch Capital Group Ltd. will post 9.29 earnings per share for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.