Arch Capital Group Ltd. $ACGL Shares Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. raised its holdings in Arch Capital Group Ltd. by 10.6% during the first quarter, now owning 447,834 shares valued at approximately $43 million.
• Arch Capital Group's shares recently traded at $92.29, with a market capitalization of $34.44 billion and a price-to-earnings ratio of 9.52.
• UBS Group has reiterated a "buy" rating on Arch Capital Group, adjusting its target price to $118.00 while a total of nine analysts currently rate the stock as a "Buy."

Alliancebernstein L.P. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,834 shares of the insurance provider's stock after purchasing an additional 42,763 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of Arch Capital Group worth $43,073,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Arch Capital Group by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock valued at $4,924,000 after purchasing an additional 6,406 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in Arch Capital Group during the first quarter worth approximately $251,000. D.A. Davidson & CO. boosted its position in Arch Capital Group by 10.9% during the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock worth $4,381,000 after acquiring an additional 4,460 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Arch Capital Group by 24.7% during the first quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock worth $3,619,000 after acquiring an additional 7,448 shares during the last quarter. Finally, World Investment Advisors boosted its position in Arch Capital Group by 114.1% during the first quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock worth $608,000 after acquiring an additional 3,369 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.20% of the company's stock.

Arch Capital Group Stock Down 0.0%

Arch Capital Group stock traded down $0.03 during midday trading on Friday, hitting $92.26. 1,256,486 shares of the stock were exchanged, compared to its average volume of 1,757,837. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The firm has a market cap of $34.43 billion, a P/E ratio of 9.52, a P/E/G ratio of 5.65 and a beta of 0.51. 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 company has a 50 day moving average price of $89.83 and a two-hundred day moving average price of $91.38.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm posted $2.57 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. UBS Group restated a "buy" rating and set a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Cowen restated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Citigroup assumed coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $111.27.

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.