Northwest & Ethical Investments L.P. Grows Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Northwest & Ethical Investments L.P. raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,465 shares of the insurance provider’s stock after buying an additional 6,055 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Arch Capital Group were worth $3,183,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Madison Investment Advisors LLC bought a new stake in Arch Capital Group during the fourth quarter worth $410,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after purchasing an additional 2,168,897 shares during the period. Swedbank AB boosted its holdings in shares of Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after buying an additional 919,793 shares during the last quarter. Egerton Capital UK LLP grew its position in Arch Capital Group by 25.8% during the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock valued at $368,289,000 after buying an additional 816,750 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after buying an additional 783,506 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly 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 insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. UBS Group reduced their price objective on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Barclays dropped their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada decreased their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Down 0.8 %

ACGL opened at $92.45 on Friday. The firm has a market capitalization of $34.70 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The company has a fifty day moving average price of $91.95 and a 200-day moving average price of $99.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $2.45 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share 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.