Rathbones Group PLC Purchases 14,355 Shares of Arch Capital Group Ltd. $ACGL

Rathbones Group PLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 357.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,369 shares of the insurance provider’s stock after purchasing an additional 14,355 shares during the period. Rathbones Group PLC’s holdings in Arch Capital Group were worth $1,762,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC increased its stake in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after purchasing an additional 171,693 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after purchasing an additional 360,626 shares in the last quarter. First Trust Advisors LP increased its stake in Arch Capital Group by 409.5% in the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares in the last quarter. UBS Group AG boosted its holdings in shares of Arch Capital Group by 56.4% in the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock valued at $248,466,000 after buying an additional 987,398 shares during the period. Finally, Marshfield Associates boosted its holdings in shares of Arch Capital Group by 5.5% in the third quarter. Marshfield Associates now owns 2,724,635 shares of the insurance provider’s stock valued at $247,206,000 after buying an additional 141,223 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider owned 433,589 shares in the company, valued at approximately $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total transaction of $51,330.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $34,220. The trade was a 60.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 78,267 shares of company stock worth $7,291,637. Company insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. The Goldman Sachs Group reiterated a “sell” rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $104.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday. UBS Group reiterated a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Evercore set a $100.00 price target on shares of Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $109.27.

Arch Capital Group Stock Up 0.1%

Arch Capital Group stock opened at $96.92 on Wednesday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a 50 day moving average of $96.78 and a 200-day moving average of $93.52. The stock has a market capitalization of $34.53 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 3.94 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the prior year, the company posted $2.26 earnings per share. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.