Chesapeake Capital Corp IL Purchases New Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Chesapeake Capital Corp IL acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,799 shares of the insurance provider’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ACGL. Millington Financial Advisors LLC purchased a new stake in shares of Arch Capital Group in the third quarter worth approximately $1,030,000. Private Advisor Group LLC increased its stake in Arch Capital Group by 6.3% in the 3rd quarter. Private Advisor Group LLC now owns 7,700 shares of the insurance provider’s stock valued at $614,000 after buying an additional 454 shares during the period. MGO One Seven LLC purchased a new stake in Arch Capital Group in the 3rd quarter worth approximately $264,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Arch Capital Group by 4.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,512 shares of the insurance provider’s stock valued at $7,932,000 after buying an additional 4,512 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded up $1.43 on Friday, reaching $103.36. The stock had a trading volume of 1,296,861 shares, compared to its average volume of 1,633,362. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The business’s 50-day moving average price is $94.47 and its two-hundred day moving average price is $86.39. The stock has a market cap of $38.81 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ACGL shares. Deutsche Bank Aktiengesellschaft increased their price objective on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Evercore ISI upped their target price on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Roth Mkm reiterated a “buy” rating and set a $110.00 price target on shares of Arch Capital Group in a report on Tuesday, April 30th. JMP Securities increased their price objective on Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 30th. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

Insider Buying and Selling

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group 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 directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,689 shares of company stock valued at $12,838,617. Insiders own 4.20% of the company’s stock.

Arch Capital Group 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.