Avanza Fonder AB Makes New $2.85 Million Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Avanza Fonder AB bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,475 shares of the insurance provider's stock, valued at approximately $2,854,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Arch Capital Group by 13.5% during the first quarter. GAMMA Investing LLC now owns 8,382 shares of the insurance provider's stock worth $806,000 after acquiring an additional 998 shares during the last quarter. Signet Financial Management LLC boosted its stake in Arch Capital Group by 37.8% during the first quarter. Signet Financial Management LLC now owns 23,091 shares of the insurance provider's stock worth $2,221,000 after buying an additional 6,330 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Arch Capital Group by 4.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 36,902 shares of the insurance provider's stock valued at $3,549,000 after acquiring an additional 1,490 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Arch Capital Group by 324.1% during the first quarter. Farther Finance Advisors LLC now owns 4,033 shares of the insurance provider's stock worth $388,000 after purchasing an additional 3,082 shares during the period. Finally, Millington Financial Advisors LLC raised its position in shares of Arch Capital Group by 7.4% during the 1st quarter. Millington Financial Advisors LLC now owns 19,395 shares of the insurance provider's stock valued at $1,787,000 after buying an additional 1,337 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ACGL shares. Wells Fargo & Company lifted their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $106.00 to $100.00 in a research note on Tuesday. Barclays cut their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group lifted their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday. Finally, JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $114.63.

Insider Activity

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer now owns 274,681 shares of the company's stock, valued at approximately $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,976 shares of company stock worth $10,531,038. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Trading Up 1.4%

ACGL stock traded up $1.23 during trading on Thursday, reaching $90.62. 553,620 shares of the stock traded hands, compared to its average volume of 1,721,968. The business's 50 day moving average price is $92.38 and its 200-day moving average price is $92.87. The firm has a market capitalization of $33.96 billion, a PE ratio of 8.09, a P/E/G ratio of 2.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. 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 posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. Arch Capital Group's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share 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.