Ellsworth Advisors LLC Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Ellsworth Advisors LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,583 shares of the insurance provider’s stock after acquiring an additional 1,134 shares during the period. Ellsworth Advisors LLC’s holdings in Arch Capital Group were worth $3,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in shares of Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock valued at $16,756,000 after purchasing an additional 11,594 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Arch Capital Group by 601.1% during the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock worth $10,500,000 after buying an additional 121,206 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Arch Capital Group by 0.7% in the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock valued at $16,672,000 after acquiring an additional 1,504 shares during the period. Millington Financial Advisors LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $1,030,000. Finally, American Century Companies Inc. raised its stake in Arch Capital Group by 46.8% in the 3rd quarter. American Century Companies Inc. now owns 131,465 shares of the insurance provider’s stock worth $10,479,000 after acquiring an additional 41,904 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock valued at $11,872,217 over the last ninety days. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ ACGL traded up $0.96 on Friday, hitting $92.44. The company had a trading volume of 2,462,980 shares, compared to its average volume of 1,879,281. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The company’s fifty day moving average price is $86.31 and its 200-day moving average price is $82.69. The company has a market capitalization of $34.59 billion, a PE ratio of 7.96, a PEG ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a 12-month low of $66.88 and a 12-month high of $92.57.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter in the previous year, the company earned $2.14 earnings per share. As a group, analysts predict that Arch Capital Group Ltd. will post 8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ACGL shares. TD Cowen began coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price objective on the stock. Evercore ISI raised their price target on shares of Arch Capital Group from $85.00 to $92.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, Citigroup lowered their price target on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.46.

About Arch Capital Group

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.