First American Trust FSB Has $7.02 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

First American Trust FSB raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,977 shares of the insurance provider’s stock after buying an additional 439 shares during the quarter. First American Trust FSB’s holdings in Arch Capital Group were worth $7,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA Trust National Association grew its holdings in shares of Arch Capital Group by 14.1% during the fourth quarter. TIAA Trust National Association now owns 3,238 shares of the insurance provider’s stock valued at $299,000 after buying an additional 400 shares in the last quarter. Vanguard Group Inc. lifted its stake in Arch Capital Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock worth $3,878,663,000 after acquiring an additional 182,150 shares in the last quarter. LPL Financial LLC boosted its position in Arch Capital Group by 34.6% during the 4th quarter. LPL Financial LLC now owns 387,518 shares of the insurance provider’s stock worth $35,787,000 after acquiring an additional 99,656 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Arch Capital Group during the 4th quarter valued at about $15,315,000. Finally, Sei Investments Co. increased its holdings in shares of Arch Capital Group by 41.0% in the 4th quarter. Sei Investments Co. now owns 1,429,505 shares of the insurance provider’s stock valued at $132,014,000 after purchasing an additional 415,815 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ACGL shares. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. UBS Group cut 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. Barclays lowered their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley cut their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $94.01 on Tuesday. The firm has a market capitalization of $35.29 billion, a PE ratio of 8.39, a PEG ratio of 2.31 and a beta of 0.62. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The firm’s fifty day simple moving average is $92.05 and its 200 day simple moving average is $98.52.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company earned $2.45 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.