Port Capital LLC Buys 3,497 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Port Capital LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,640 shares of the insurance provider's stock after buying an additional 3,497 shares during the period. Arch Capital Group comprises approximately 2.7% of Port Capital LLC's portfolio, making the stock its 14th largest position. Port Capital LLC owned 0.17% of Arch Capital Group worth $59,994,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd lifted its position in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the period. Quarry LP acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. lifted its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the company's 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 sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 110,946 shares of company stock worth $10,392,092 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Stock Up 1.1%

ACGL stock traded up $1.05 during midday trading on Friday, reaching $94.59. 1,113,305 shares of the company's stock traded hands, compared to its average volume of 1,733,369. The company has a market cap of $35.45 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 2.31 and a beta of 0.57. The firm's fifty day moving average price is $92.47 and its 200-day moving average price is $93.49. The company has a quick ratio of 0.58, a current ratio of 0.54 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.

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

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research reports. 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 research report on Wednesday, April 9th. JMP Securities reiterated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Jefferies Financial Group boosted their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price 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.