Blueshift Asset Management LLC Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Blueshift Asset Management LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 154.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,587 shares of the insurance provider’s stock after buying an additional 4,603 shares during the quarter. Blueshift Asset Management LLC’s holdings in Arch Capital Group were worth $701,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its stake in Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after buying an additional 172,628 shares in the last quarter. Geode Capital Management LLC raised its holdings in Arch Capital Group by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after acquiring an additional 253,648 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock valued at $759,324,000 after acquiring an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock valued at $488,992,000 after acquiring an additional 226,617 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in Arch Capital Group in the 4th quarter valued at $410,010,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.1 %

Shares of NASDAQ ACGL opened at $93.19 on Thursday. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47. The company has a market cap of $34.98 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $91.95 and a 200 day moving average price of $99.05.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 company posted $2.45 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the subject of several analyst reports. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average target price of $117.19.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value 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 $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by corporate insiders.

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.