Clark Capital Management Group Inc. Has $44.02 Million Position in Arch Capital Group Ltd. $ACGL

Clark Capital Management Group Inc. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,122 shares of the insurance provider’s stock after buying an additional 7,628 shares during the quarter. Clark Capital Management Group Inc. owned 0.13% of Arch Capital Group worth $44,015,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its holdings in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 112 shares in the last quarter. Crescent Grove Advisors LLC lifted its position in shares of Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after buying an additional 112 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of Arch Capital Group by 4.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock worth $275,000 after buying an additional 127 shares during the period. Compound Planning Inc. boosted its stake in Arch Capital Group by 5.0% in the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after buying an additional 127 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in Arch Capital Group by 5.1% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 2,828 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 136 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL opened at $93.47 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $33.26 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40. The company’s 50 day simple moving average is $96.21 and its 200-day simple moving average is $93.04. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39.

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

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares in the company, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction dated 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 directly owned 433,589 shares in the company, valued at $41,676,574.68. This trade represents a 9.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 78,267 shares of company stock valued at $7,291,637. 4.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ACGL has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a research report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Finally, Citigroup reaffirmed a “buy” rating and set a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a research note on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group currently has an average rating of “Hold” and a consensus target price of $109.20.

About Arch Capital Group

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.