GSA Capital Partners LLP Invests $391,000 in Arch Capital Group Ltd. (ACGL)

GSA Capital Partners LLP bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,529 shares of the insurance provider’s stock, valued at approximately $391,000.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Arch Capital Group by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,547 shares of the insurance provider’s stock worth $282,000 after buying an additional 40 shares in the last quarter. M&T Bank Corp increased its stake in shares of Arch Capital Group by 0.7% in the third quarter. M&T Bank Corp now owns 16,860 shares of the insurance provider’s stock worth $1,336,000 after buying an additional 118 shares during the period. Rothschild Asset Management Inc. increased its stake in shares of Arch Capital Group by 1.4% in the third quarter. Rothschild Asset Management Inc. now owns 9,082 shares of the insurance provider’s stock worth $720,000 after buying an additional 126 shares during the period. US Bancorp DE increased its stake in shares of Arch Capital Group by 2.6% in the third quarter. US Bancorp DE now owns 8,137 shares of the insurance provider’s stock worth $645,000 after buying an additional 209 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Arch Capital Group by 1.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,581 shares of the insurance provider’s stock worth $1,393,000 after buying an additional 278 shares during the period. Institutional investors own 77.05% of the company’s stock.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Arch Capital Group Ltd. (NASDAQ:ACGL) traded down 0.15% during mid-day trading on Friday, hitting $94.99. The stock had a trading volume of 207,987 shares. The stock has a market cap of $11.51 billion, a P/E ratio of 17.82 and a beta of 0.60. The firm has a 50-day moving average of $94.50 and a 200-day moving average of $87.32. Arch Capital Group Ltd. has a 52-week low of $67.50 and a 52-week high of $96.46.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 13th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. The firm earned $1.06 billion during the quarter, compared to analyst estimates of $1 billion. Arch Capital Group had a net margin of 15.60% and a return on equity of 8.23%. During the same period in the previous year, the business posted $1.15 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post $5.39 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the company. Credit Suisse Group AG restated a “buy” rating and set a $98.00 price objective on shares of Arch Capital Group in a research report on Wednesday, February 15th. Keefe, Bruyette & Woods set a $95.00 price target on Arch Capital Group and gave the stock a “hold” rating in a report on Thursday, April 6th. Deutsche Bank AG increased their price target on Arch Capital Group from $78.00 to $87.00 and gave the stock a “hold” rating in a report on Thursday, March 30th. Langen Mcalenn reissued a “neutral” rating on shares of Arch Capital Group in a research note on Wednesday, January 18th. Finally, Barclays PLC reissued a “hold” rating and issued a $86.00 price objective on shares of Arch Capital Group in a research note on Monday, January 9th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $89.40.

In other Arch Capital Group news, CFO Mark Donald Lyons sold 5,635 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $95.08, for a total transaction of $535,775.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Marc Grandisson sold 23,446 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $94.54, for a total transaction of $2,216,584.84. Following the transaction, the chief operating officer now directly owns 585,562 shares of the company’s stock, valued at $55,359,031.48. The disclosure for this sale can be found here. Insiders have sold a total of 115,081 shares of company stock valued at $10,811,481 over the last three months. 6.30% of the stock is currently owned by company insiders.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

5 Day Chart for NASDAQ:ACGL

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