National Pension Service Raises Stock Holdings in Arch Capital Group Ltd. $ACGL

National Pension Service boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 683,272 shares of the insurance provider’s stock after buying an additional 53,661 shares during the quarter. National Pension Service’s holdings in Arch Capital Group were worth $65,539,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Daymark Wealth Partners LLC raised its position in Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock worth $308,000 after buying an additional 106 shares during the last quarter. Keel Point LLC increased its position in shares of Arch Capital Group by 4.6% during the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 112 shares during the last quarter. Legacy Advisors LLC increased its position in shares of Arch Capital Group by 1.2% during the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock valued at $916,000 after purchasing an additional 112 shares during the last quarter. Compound Planning Inc. increased its position in shares of Arch Capital Group by 5.0% during the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after purchasing an additional 127 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Arch Capital Group by 72.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACGL. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. reduced their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Royal Bank Of Canada upped their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Barclays upped 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 research report on Wednesday, April 8th. Finally, Citigroup lifted their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.32.

Arch Capital Group Trading Down 1.5%

Shares of NASDAQ:ACGL opened at $89.34 on Friday. The stock has a 50 day moving average of $95.29 and a 200 day moving average of $95.14. The company has a market cap of $31.21 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 4.91 and a beta of 0.35. 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.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Insider Buying and Selling

In related news, insider David Gansberg sold 5,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the transaction, the insider directly owned 336,559 shares in the company, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director owned 9,915 shares in the company, valued at $932,803.20. This trade represents a 114.84% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 32,837 shares of company stock valued at $2,766,946. Insiders own 3.30% of the company’s stock.

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.