Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 107.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,771 shares of the insurance provider's stock after buying an additional 2,992 shares during the period. Dark Forest Capital Management LP's holdings in Arch Capital Group were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Arch Capital Group by 3.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after purchasing an additional 6,663 shares during the last quarter. Pittenger & Anderson Inc. grew its position in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $366,000. Northstar Group Inc. increased its position in shares of Arch Capital Group by 5.1% in the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock valued at $11,285,000 after buying an additional 5,947 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after buying an additional 157,197 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ACGL. JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday. Jefferies Financial Group upped their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, Wells Fargo & Company upped their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.28 during trading hours on Thursday, reaching $90.40. The company's stock had a trading volume of 488,847 shares, compared to its average volume of 1,725,664. The stock has a market cap of $33.96 billion, a PE ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company's 50-day moving average is $92.01 and its two-hundred day moving average is $94.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

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

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% of the company's stock.

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.