AssuredPartners Investment Advisors LLC Purchases Shares of 6,872 Arch Capital Group Ltd. (NASDAQ:ACGL)

AssuredPartners Investment Advisors LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,872 shares of the insurance provider’s stock, valued at approximately $635,000.

Other large investors have also made changes to their positions in the company. NEOS Investment Management LLC raised its stake in Arch Capital Group by 30.7% during the 4th quarter. NEOS Investment Management LLC now owns 21,166 shares of the insurance provider’s stock valued at $1,955,000 after purchasing an additional 4,975 shares during the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Arch Capital Group by 16.9% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 38,760 shares of the insurance provider’s stock worth $3,579,000 after purchasing an additional 5,614 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Arch Capital Group by 12.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 601,516 shares of the insurance provider’s stock valued at $54,979,000 after buying an additional 64,489 shares during the last quarter. Korea Investment CORP lifted its stake in shares of Arch Capital Group by 38.1% in the fourth quarter. Korea Investment CORP now owns 199,747 shares of the insurance provider’s stock valued at $18,447,000 after buying an additional 55,100 shares during the period. Finally, First American Trust FSB grew its position in Arch Capital Group by 0.6% during the fourth quarter. First American Trust FSB now owns 75,977 shares of the insurance provider’s stock worth $7,016,000 after buying an additional 439 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $96.94 on Friday. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The firm has a market cap of $36.39 billion, a P/E ratio of 8.66, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The business’s fifty day moving average is $92.16 and its two-hundred day moving average is $98.38.

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

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on ACGL shares. Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. UBS Group reduced their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods lowered their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Barclays lowered their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

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.