13,150 Shares in Arch Capital Group Ltd. $ACGL Acquired by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 13,150 shares of the insurance provider’s stock, valued at approximately $1,261,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. WealthCollab LLC increased its position in Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC bought a new position in Arch Capital Group during the third quarter worth about $28,000. Aventura Private Wealth LLC bought a new stake in Arch Capital Group in the 4th quarter valued at about $30,000. Grove Bank & Trust bought a new stake in Arch Capital Group in the 4th quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Arch Capital Group by 426.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 311 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Shares of ACGL opened at $96.74 on Friday. The stock has a 50-day moving average of $96.57 and a 200-day moving average of $93.27. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. 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 company has a market cap of $34.47 billion, a PE ratio of 8.33, a P/E/G ratio of 3.88 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.73% and a net margin of 22.07%.During the same quarter last year, the firm posted $2.26 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

ACGL has been the subject of a number of analyst reports. Mizuho lifted their price target on shares of Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. The Goldman Sachs Group reissued a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, Evercore set a $100.00 price objective on Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.20.

Insider Buying and Selling at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the transaction, the chief executive officer owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $34,220. This trade represents a 60.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 78,267 shares of company stock worth $7,291,637. 4.20% of the stock is currently owned by insiders.

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.