Lansforsakringar Fondforvaltning AB publ Acquires Shares of 490,135 Arch Capital Group Ltd. (NASDAQ:ACGL)

Lansforsakringar Fondforvaltning AB publ acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 490,135 shares of the insurance provider's stock, valued at approximately $45,264,000. Lansforsakringar Fondforvaltning AB publ owned about 0.13% of Arch Capital Group at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group in the 4th quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the 4th quarter worth about $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the 4th quarter worth about $42,000. Y.D. More Investments Ltd boosted its holdings in 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 buying an additional 260 shares during the last quarter. Finally, Quarry LP acquired a new stake in Arch Capital Group in the 4th quarter worth about $58,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the company's 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 transaction, the chief financial officer now directly owns 274,681 shares in the company, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.53, for a total value of $1,573,924.50. Following the transaction, the insider now owns 140,023 shares in the company, valued at $13,236,374.19. This trade represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,576 shares of company stock worth $11,586,638 over the last ninety days. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 0.9%

ACGL traded up $0.86 during trading hours on Friday, reaching $95.06. The company's stock had a trading volume of 2,897,694 shares, compared to its average volume of 1,725,859. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The stock has a market cap of $35.62 billion, a PE ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.57. The business's 50-day moving average is $92.63 and its 200-day moving average is $93.15. 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 (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 return on equity of 17.96% and a net margin of 24.73%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the company earned $2.45 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ACGL shares. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Keefe, Bruyette & Woods boosted 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. Royal Bank of Canada lowered 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. UBS Group lowered their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Jefferies Financial Group boosted their target price on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.