Rhumbline Advisers Acquires 31,338 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Rhumbline Advisers raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668,993 shares of the insurance provider's stock after purchasing an additional 31,338 shares during the period. Rhumbline Advisers owned 0.18% of Arch Capital Group worth $64,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ACGL. Capital A Wealth Management LLC acquired a new position in Arch Capital Group in the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd lifted its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $58,000. Institutional investors own 89.07% of the company's stock.

Insider Transactions at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the transaction, the chief financial officer now directly owns 274,681 shares in the company, valued at $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,976 shares of company stock valued at $10,531,038. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Barclays lowered their price objective on shares of 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. UBS Group cut their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.18 during trading on Thursday, reaching $94.57. 816,092 shares of the company traded hands, compared to its average volume of 1,684,571. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The company has a market cap of $35.44 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 2.31 and a beta of 0.53. The stock's 50 day moving average price is $92.61 and its two-hundred day moving average price is $93.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company 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 24.73% and a return on equity of 17.96%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $2.45 earnings per share. As a group, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group Company 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.