Rathbones Group PLC Has $1.76 Million Stake in Arch Capital Group Ltd. $ACGL

Rathbones Group PLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 357.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,369 shares of the insurance provider’s stock after purchasing an additional 14,355 shares during the quarter. Rathbones Group PLC’s holdings in Arch Capital Group were worth $1,762,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WealthCollab LLC lifted its stake in Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Arch Capital Group in the third quarter valued at $28,000. Aventura Private Wealth LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at $30,000. Grove Bank & Trust acquired a new stake in Arch Capital Group in the fourth quarter valued at $30,000. Finally, Cornerstone Planning Group LLC lifted its stake in Arch Capital Group by 426.0% in the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 311 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $96.92 on Wednesday. The firm has a 50-day moving average of $96.78 and a 200-day moving average of $93.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $34.53 billion, a PE ratio of 8.34, a P/E/G ratio of 3.94 and a beta of 0.41. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. The company 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 last year, the company posted $2.26 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on ACGL shares. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Barclays set a $104.00 price target on shares of Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Finally, 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 research note on Wednesday, January 7th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.27.

Insider Activity at Arch Capital Group

In other 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 transaction of $2,112,078.30. Following the completion of the sale, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the sale, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 78,267 shares of company stock worth $7,291,637. 4.20% of the stock is owned by corporate insiders.

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.