QRG Capital Management Inc. Acquires 31,741 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

QRG Capital Management Inc. increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 60.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,369 shares of the insurance provider's stock after acquiring an additional 31,741 shares during the quarter. QRG Capital Management Inc.'s holdings in Arch Capital Group were worth $8,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at about $37,000. Quarry LP acquired a new stake in Arch Capital Group in the 4th quarter valued at approximately $58,000. McIlrath & Eck LLC lifted its position in shares of Arch Capital Group by 165.3% in the fourth quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider's stock worth $62,000 after purchasing an additional 415 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Arch Capital Group by 47.0% during the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after buying an additional 291 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACGL has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lifted their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, UBS Group increased their price target on shares of Arch Capital Group to $124.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $114.63.

Insider Buying and Selling at Arch Capital Group

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 shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the sale, the chief financial officer now owns 274,681 shares of the company's stock, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders 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 Trading Down 0.1%

NASDAQ ACGL traded down $0.13 on Friday, reaching $90.17. The company had a trading volume of 2,426,380 shares, compared to its average volume of 1,705,660. The firm has a market cap of $33.79 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 6.24 and a beta of 0.53. 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 Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The business has a 50 day moving average of $92.61 and a two-hundred day moving average of $92.41.

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

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.