World Investment Advisors Raises Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

World Investment Advisors raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 114.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,321 shares of the insurance provider's stock after buying an additional 3,369 shares during the period. World Investment Advisors' holdings in Arch Capital Group were worth $608,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Arch Capital Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock valued at $3,878,663,000 after acquiring an additional 182,150 shares during the period. Geode Capital Management LLC boosted its position in shares of Arch Capital Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock worth $1,014,648,000 after purchasing an additional 180,493 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Arch Capital Group by 1.9% in the fourth quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after purchasing an additional 93,226 shares in the last quarter. Northern Trust Corp increased its stake in shares of Arch Capital Group by 11.3% in the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock worth $448,895,000 after purchasing an additional 495,262 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $437,291,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider directly owned 579,218 shares of the company's stock, valued at $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 transaction of $1,194,545.40. Following the transaction, the chief financial officer owned 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,976 shares of company stock valued at $10,531,038. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Price Performance

ACGL stock traded down $0.72 during trading on Friday, hitting $87.84. 1,943,647 shares of the company's stock traded hands, compared to its average volume of 1,738,028. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The stock has a market capitalization of $32.92 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 6.12 and a beta of 0.51. The business has a fifty day simple moving average of $91.96 and a 200 day simple moving average of $92.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced 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). The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The firm's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on ACGL shares. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $101.00 price objective (down from $113.00) on shares of Arch Capital Group in a research report on Wednesday. Barclays cut their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company upped their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock an "overweight" rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.60.

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.