Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,373 shares of the insurance provider’s stock after acquiring an additional 127 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Arch Capital Group were worth $219,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Erste Asset Management GmbH boosted its position in shares of Arch Capital Group by 6.1% during the 4th quarter. Erste Asset Management GmbH now owns 780,722 shares of the insurance provider’s stock worth $71,984,000 after acquiring an additional 44,692 shares in the last quarter. Achmea Investment Management B.V. boosted its position in shares of Arch Capital Group by 7.6% during the 4th quarter. Achmea Investment Management B.V. now owns 34,161 shares of the insurance provider’s stock worth $3,155,000 after acquiring an additional 2,424 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Arch Capital Group by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 22,970 shares of the insurance provider’s stock worth $2,121,000 after acquiring an additional 1,036 shares in the last quarter. Egerton Capital UK LLP boosted its position in shares of Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock worth $368,289,000 after acquiring an additional 816,750 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Arch Capital Group by 79.7% during the 4th quarter. Great Lakes Advisors LLC now owns 6,932 shares of the insurance provider’s stock worth $640,000 after acquiring an additional 3,075 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACGL. UBS Group decreased 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 decreased their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.57 on Friday. The company has a market cap of $34.75 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The business has a fifty day simple moving average of $91.83 and a 200-day simple moving average of $99.43.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.