Robertson Stephens Wealth Management LLC Raises Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Robertson Stephens Wealth Management LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,061 shares of the insurance provider’s stock after buying an additional 555 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Arch Capital Group were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ACGL. Northern Trust Corp raised its stake in Arch Capital Group by 9.2% during the 3rd quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock valued at $370,889,000 after acquiring an additional 390,362 shares during the last quarter. Invesco Ltd. raised its stake in shares of Arch Capital Group by 16.3% during the third quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock worth $269,871,000 after purchasing an additional 475,464 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Arch Capital Group by 3.4% during the third quarter. Royal Bank of Canada now owns 3,151,688 shares of the insurance provider’s stock worth $251,222,000 after purchasing an additional 104,299 shares during the period. Envestnet Asset Management Inc. grew its position in Arch Capital Group by 112.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after buying an additional 1,387,072 shares during the last quarter. Finally, Barclays PLC increased its stake in Arch Capital Group by 18.8% in the 3rd quarter. Barclays PLC now owns 2,240,381 shares of the insurance provider’s stock valued at $178,581,000 after buying an additional 354,482 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America raised their target price on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft increased their target price on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a research note on Friday, February 16th. Finally, Citigroup dropped their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.67.

Arch Capital Group Stock Down 0.8 %

Shares of NASDAQ ACGL opened at $94.41 on Friday. The firm’s 50-day moving average is $91.15 and its two-hundred day moving average is $84.77. The company has a market capitalization of $35.42 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $96.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. Arch Capital Group’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.43 EPS for the current fiscal year.

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.