Third View Private Wealth LLC Invests $661,000 in Arch Capital Group Ltd. $ACGL

Third View Private Wealth LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,896 shares of the insurance provider’s stock, valued at approximately $661,000.

Several other large investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC boosted its holdings in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after acquiring an additional 171,693 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after acquiring an additional 360,626 shares in the last quarter. First Trust Advisors LP boosted its holdings in Arch Capital Group by 409.5% in the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after acquiring an additional 2,279,147 shares in the last quarter. UBS Group AG boosted its holdings in Arch Capital Group by 56.4% in the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock valued at $248,466,000 after acquiring an additional 987,398 shares in the last quarter. Finally, Marshfield Associates boosted its holdings in Arch Capital Group by 5.5% in the third quarter. Marshfield Associates now owns 2,724,635 shares of the insurance provider’s stock valued at $247,206,000 after acquiring an additional 141,223 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $96.20 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $34.27 billion, a P/E ratio of 8.28, a P/E/G ratio of 3.96 and a beta of 0.41. The business has a fifty day simple moving average of $96.92 and a two-hundred day simple moving average of $93.80. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.34 by $0.64. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter last year, the firm posted $2.26 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ACGL shares. Barclays lifted their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. The Goldman Sachs Group reiterated a “sell” rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.40.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total value of $569,257.59. Following the transaction, the insider directly owned 336,559 shares of the company’s stock, valued at $32,434,190.83. This represents a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 78,267 shares of company stock worth $7,291,637. Corporate insiders own 3.30% of the company’s stock.

About Arch Capital Group

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.