Kavar Capital Partners Group LLC Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Kavar Capital Partners Group LLC purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,200 shares of the insurance provider's stock, valued at approximately $1,077,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ACGL. Norges Bank purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $437,291,000. Madison Investment Advisors LLC purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $410,010,000. First Trust Advisors LP grew its holdings in shares of Arch Capital Group by 663.3% during the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after buying an additional 2,139,782 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $151,342,000. Finally, Egerton Capital UK LLP grew its holdings in shares of Arch Capital Group by 25.8% during the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after buying an additional 816,750 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACGL shares. Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Finally, Wells Fargo & Company raised their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.63.

Arch Capital Group Price Performance

Arch Capital Group stock traded up $0.03 during trading hours on Friday, hitting $90.32. The stock had a trading volume of 2,285,246 shares, compared to its average volume of 1,693,748. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $33.85 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 6.24 and a beta of 0.53. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The stock's fifty day moving average is $92.39 and its two-hundred day moving average is $92.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the company posted $2.45 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer now owns 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 in the last ninety days. 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.