Bridgeway Capital Management LLC Purchases New Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bridgeway Capital Management LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,300 shares of the insurance provider's stock, valued at approximately $1,228,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Arch Capital Group during the fourth quarter worth approximately $437,291,000. Madison Investment Advisors LLC bought a new position in Arch Capital Group in the fourth quarter valued at approximately $410,010,000. First Trust Advisors LP lifted its stake in shares of Arch Capital Group by 663.3% in the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after purchasing an additional 2,139,782 shares during the period. Marshall Wace LLP acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $151,342,000. Finally, Swedbank AB lifted its stake in shares of Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock valued at $116,542,000 after purchasing an additional 919,793 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total value 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. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% 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 over the last three months. 4.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ACGL shares. 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 report on Tuesday, May 6th. Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Barclays reduced 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 report on Friday, April 11th. Finally, UBS Group reduced their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Price Performance

NASDAQ:ACGL traded down $2.57 on Wednesday, hitting $90.85. The company had a trading volume of 2,068,626 shares, compared to its average volume of 1,733,026. The stock has a market capitalization of $34.13 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $92.32 and a two-hundred day moving average of $93.75. 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 released 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 company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter last year, the firm posted $2.45 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.