Mercer Global Advisors Inc. ADV Buys 7,631 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mercer Global Advisors Inc. ADV raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,356 shares of the insurance provider's stock after acquiring an additional 7,631 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Arch Capital Group were worth $3,542,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Keel Point LLC lifted its stake in shares of Arch Capital Group by 18.1% during the 4th quarter. Keel Point LLC now owns 2,390 shares of the insurance provider's stock worth $221,000 after buying an additional 367 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of Arch Capital Group by 3.5% during the 4th quarter. Lido Advisors LLC now owns 9,985 shares of the insurance provider's stock worth $922,000 after buying an additional 338 shares during the last quarter. Global Frontier Investments LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth about $13,853,000. Northern Trust Corp lifted its stake in shares of Arch Capital Group by 11.3% during the 4th quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock worth $448,895,000 after buying an additional 495,262 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Arch Capital Group during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Activity

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value 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. The trade was a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays cut their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Morgan Stanley dropped 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 note on Friday, February 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $115.00.

Arch Capital Group Price Performance

ACGL stock traded down $0.02 during mid-day trading on Friday, hitting $94.54. The stock had a trading volume of 1,278,394 shares, compared to its average volume of 1,729,541. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The firm has a market capitalization of $35.52 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.31 and a beta of 0.57. The firm has a fifty day simple moving average of $92.22 and a 200 day simple moving average of $93.83.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.45 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

About Arch Capital Group

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.