Aptus Capital Advisors LLC Purchases Shares of 3,055 Arch Capital Group Ltd. (NASDAQ:ACGL)

Aptus Capital Advisors LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,055 shares of the insurance provider's stock, valued at approximately $282,000.

Several other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its position in shares of Arch Capital Group by 24.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,356 shares of the insurance provider's stock worth $3,542,000 after acquiring an additional 7,631 shares during the period. Keel Point LLC increased its holdings in Arch Capital Group by 18.1% during the 4th quarter. Keel Point LLC now owns 2,390 shares of the insurance provider's stock valued at $221,000 after purchasing an additional 367 shares in the last quarter. Lido Advisors LLC raised its position in Arch Capital Group by 3.5% in the 4th quarter. Lido Advisors LLC now owns 9,985 shares of the insurance provider's stock valued at $922,000 after purchasing an additional 338 shares during the last quarter. Global Frontier Investments LLC acquired a new position in Arch Capital Group in the fourth quarter worth $13,853,000. Finally, Northern Trust Corp grew its holdings in shares of Arch Capital Group by 11.3% during the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock worth $448,895,000 after purchasing an additional 495,262 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ACGL shares. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Royal Bank of Canada dropped their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. UBS Group dropped their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley cut their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Trading Up 0.1%

Shares of NASDAQ:ACGL traded up $0.09 during midday trading on Monday, hitting $94.63. 1,129,244 shares of the stock were exchanged, compared to its average volume of 1,727,140. The stock has a market capitalization of $35.55 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 2.31 and a beta of 0.57. 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 business's 50-day moving average price is $92.22 and its 200 day moving average price is $93.83. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47.

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

Insider Activity

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,886 shares of company stock valued at $3,335,702. Company insiders own 4.20% of the company's stock.

Arch Capital Group Company 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.