6,511 Shares in Arch Capital Group Ltd. $ACGL Bought by Davis Investment Partners LLC

Davis Investment Partners LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,511 shares of the insurance provider’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in shares of Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after acquiring an additional 121,090 shares in the last quarter. National Pension Service grew its holdings in shares of Arch Capital Group by 8.5% during the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock worth $65,539,000 after purchasing an additional 53,661 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Arch Capital Group by 10.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock worth $18,024,000 after purchasing an additional 17,923 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Arch Capital Group by 9.5% during the third quarter. Natixis Advisors LLC now owns 1,951,019 shares of the insurance provider’s stock worth $177,016,000 after purchasing an additional 168,922 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Arch Capital Group by 50.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,548,042 shares of the insurance provider’s stock worth $148,488,000 after purchasing an additional 518,527 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ACGL. Mizuho lowered their target price on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Citigroup increased their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.81.

Arch Capital Group Stock Up 1.2%

Shares of ACGL opened at $94.83 on Thursday. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a 50 day simple moving average of $93.69 and a two-hundred day simple moving average of $94.99. The firm has a market cap of $33.13 billion, a P/E ratio of 7.28, a P/E/G ratio of 4.69 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director directly owned 9,915 shares in the company, valued at $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by corporate 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.