Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Egerton Capital UK LLP

Egerton Capital UK LLP increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,325,217 shares of the insurance provider's stock after purchasing an additional 337,245 shares during the quarter. Arch Capital Group makes up 4.8% of Egerton Capital UK LLP's portfolio, making the stock its 8th biggest holding. Egerton Capital UK LLP owned approximately 1.15% of Arch Capital Group worth $415,999,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACGL. Capital A Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth about $25,000. Bartlett & CO. Wealth Management LLC bought a new position in Arch Capital Group during the first quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new position in Arch Capital Group during the first quarter valued at approximately $31,000. Grove Bank & Trust bought a new position in Arch Capital Group during the first quarter valued at approximately $40,000. Finally, Quarry LP bought a new position in Arch Capital Group during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. 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. Barclays reduced their target price on 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. JPMorgan Chase & Co. increased their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $101.00 target price (down previously from $113.00) on shares of Arch Capital Group in a research note on Wednesday, July 9th. Finally, UBS Group increased their target price on Arch Capital Group to $124.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $113.60.

Arch Capital Group Stock Performance

ACGL stock traded up $0.89 during trading on Friday, hitting $88.89. 2,552,610 shares of the company traded hands, compared to its average volume of 2,684,975. The company has a market cap of $33.31 billion, a PE ratio of 9.11, a P/E/G ratio of 6.12 and a beta of 0.51. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The stock's 50-day simple moving average is $91.01 and its 200 day simple moving average is $91.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

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

Insider Buying and Selling

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer owned 795,718 shares of the company's stock, valued at $73,588,000.64. This represents 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 the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer owned 274,681 shares in the company, valued at $25,979,328.98. This 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 corporate insiders.

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.