10,197 Shares in Arch Capital Group Ltd. $ACGL Bought by Havemeyer Place LP

Havemeyer Place LP acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,197 shares of the insurance provider’s stock, valued at approximately $978,000.

A number of other hedge funds have also recently made changes to their positions in ACGL. Norges Bank purchased a new stake in shares of Arch Capital Group during the 4th quarter worth $463,208,000. First Trust Advisors LP lifted its stake in shares of Arch Capital Group by 409.5% during the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after purchasing an additional 2,279,147 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Arch Capital Group by 289.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock worth $124,615,000 after purchasing an additional 1,016,919 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Arch Capital Group by 112.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock worth $171,953,000 after purchasing an additional 1,003,004 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Arch Capital Group by 56.4% during the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after purchasing an additional 987,398 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston purchased 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the business’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 sale, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,837 shares of company stock worth $2,825,926 in the last 90 days. 3.30% of the stock is owned by company insiders.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $91.19 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The business’s 50-day simple moving average is $94.86 and its two-hundred day simple moving average is $95.06. The company has a market cap of $31.86 billion, a PE ratio of 7.00, a PEG ratio of 5.01 and a beta of 0.32. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Equities analysts anticipate that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ACGL shares. Royal Bank Of Canada upped their target price on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Citigroup upped their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Hold” and an average target price of $106.32.

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.