Balyasny Asset Management L.P. Purchases New Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Balyasny Asset Management L.P. purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,688 shares of the insurance provider's stock, valued at approximately $1,264,000.

Several other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its holdings in Arch Capital Group by 3.9% during the 4th quarter. Benjamin Edwards Inc. now owns 17,401 shares of the insurance provider's stock valued at $1,607,000 after buying an additional 657 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Arch Capital Group by 28.3% during the 4th quarter. BNP Paribas Financial Markets now owns 798,950 shares of the insurance provider's stock valued at $73,783,000 after buying an additional 176,097 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Arch Capital Group by 18.7% during the 4th quarter. Ameriprise Financial Inc. now owns 496,917 shares of the insurance provider's stock valued at $45,891,000 after buying an additional 78,435 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Arch Capital Group during the 4th quarter valued at approximately $17,307,000. Finally, Ancora Advisors LLC grew its holdings in Arch Capital Group by 17.4% during the 4th quarter. Ancora Advisors LLC now owns 3,239 shares of the insurance provider's stock valued at $299,000 after buying an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Up 1.1%

NASDAQ ACGL traded up $1.05 on Friday, reaching $94.59. 1,113,305 shares of the stock traded hands, compared to its average volume of 1,733,369. 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 company has a fifty day moving average price of $92.47 and a 200-day moving average price of $93.49. The company has a market cap of $35.45 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 2.31 and a beta of 0.57. 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 EPS for the quarter, missing analysts' consensus estimates 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 quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $2.45 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,946 shares of company stock valued at $10,392,092. Corporate insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Wells Fargo & Company lifted their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods lifted their target price on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Morgan Stanley dropped their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $115.00.

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.