Arch Capital Group Ltd. $ACGL Shares Acquired by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC increased its stake in Arch Capital by 267.7% in Q4, adding 207,642 shares to hold 285,210 shares (about 0.08% of the company) valued at roughly $27.36 million.
• Arch posted a strong quarter with $2.98 EPS (vs. $2.34 expected) and $4.93 billion in revenue (vs. $3.94 billion expected), signaling better-than-expected operating performance.
• Analysts have a consensus rating of "Hold" with an average price target of $109.20 (nine Buys, eight Holds, one Sell), reflecting mixed sentiment despite recent price-target upgrades from several firms.

SG Americas Securities LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 267.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 285,210 shares of the insurance provider's stock after purchasing an additional 207,642 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Arch Capital Group worth $27,357,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider's stock valued at $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter valued at $253,000. TD Waterhouse Canada Inc. increased its holdings in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider's stock worth $43,000 after buying an additional 112 shares during the last quarter. American Century Companies Inc. raised its position in shares of Arch Capital Group by 33.4% in the 2nd quarter. American Century Companies Inc. now owns 700,629 shares of the insurance provider's stock worth $63,792,000 after buying an additional 175,561 shares during the period. Finally, Coldstream Capital Management Inc. raised its position in shares of Arch Capital Group by 7.9% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,571 shares of the insurance provider's stock worth $507,000 after buying an additional 407 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ACGL shares. Roth Mkm set a $110.00 target price on Arch Capital Group and gave the company a "buy" rating in a report on Tuesday, December 2nd. Royal Bank Of Canada raised their price objective on Arch Capital Group from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, February 11th. Wells Fargo & Company lifted their price objective on Arch Capital Group from $106.00 to $109.00 and gave the company an "overweight" rating in a research note on Wednesday, February 11th. UBS Group reiterated a "buy" rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Barclays set a $104.00 target price on shares of Arch Capital Group and gave the stock an "equal weight" rating in a research report on Thursday, January 8th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of "Hold" and an average price target of $109.20.

Insider Buying and Selling

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares of the company's stock, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Maamoun Rajeh sold 47,430 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the transaction, the insider directly owned 433,589 shares in the company, valued at $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 78,267 shares of company stock valued at $7,291,637. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Stock Up 0.9%

Shares of Arch Capital Group stock opened at $94.12 on Friday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The stock has a market cap of $33.53 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $96.18 and a 200 day moving average price of $93.12.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The company had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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