Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lifted by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,441 shares of the insurance provider's stock after purchasing an additional 7,287 shares during the quarter. Ensign Peak Advisors Inc's holdings in Arch Capital Group were worth $15,463,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ACGL. Ethic Inc. raised its stake in shares of Arch Capital Group by 33.2% in the 4th quarter. Ethic Inc. now owns 30,968 shares of the insurance provider's stock valued at $2,860,000 after acquiring an additional 7,712 shares during the period. First Manhattan CO. LLC. boosted its position in shares of Arch Capital Group by 2.7% in the fourth quarter. First Manhattan CO. LLC. now owns 5,858 shares of the insurance provider's stock worth $541,000 after buying an additional 152 shares during the period. FJ Capital Management LLC grew its stake in shares of Arch Capital Group by 14.8% in the fourth quarter. FJ Capital Management LLC now owns 23,462 shares of the insurance provider's stock valued at $2,167,000 after buying an additional 3,020 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Arch Capital Group by 31.1% during the 4th quarter. Deutsche Bank AG now owns 2,098,619 shares of the insurance provider's stock valued at $193,807,000 after buying an additional 498,426 shares during the period. Finally, Centiva Capital LP acquired a new position in Arch Capital Group during the 4th quarter worth approximately $809,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred 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 directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the transaction, the insider now directly owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,946 shares of company stock worth $10,392,092 in the last three months. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. UBS Group decreased their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.00.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $2.69 during trading hours on Thursday, hitting $93.54. The company had a trading volume of 1,377,589 shares, compared to its average volume of 1,731,610. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market cap of $35.05 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $92.32 and a 200-day simple moving average of $93.73.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm 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%. 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 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.