Centiva Capital LP Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Centiva Capital LP purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,758 shares of the insurance provider's stock, valued at approximately $809,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACGL. Norges Bank bought a new position in Arch Capital Group in the fourth quarter valued at $437,291,000. Madison Investment Advisors LLC bought a new stake in Arch Capital Group in the fourth quarter valued at $410,010,000. First Trust Advisors LP increased its position in shares of Arch Capital Group by 663.3% during the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after buying an additional 2,139,782 shares during the period. Marshall Wace LLP purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $151,342,000. Finally, Swedbank AB raised its holdings in Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after purchasing an additional 919,793 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,886 shares of company stock valued at $3,335,702 over the last ninety days. Company insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

Arch Capital Group stock traded down $1.21 during midday trading on Tuesday, hitting $93.42. 1,711,684 shares of the company were exchanged, compared to its average volume of 1,727,078. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market capitalization of $35.10 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The business has a fifty day simple moving average of $92.28 and a two-hundred day simple moving average of $93.75. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.45 earnings per share. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group dropped their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reduced their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Jefferies Financial Group upped their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.