IFM Investors Pty Ltd Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

IFM Investors Pty Ltd lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,450 shares of the insurance provider's stock after buying an additional 6,904 shares during the quarter. IFM Investors Pty Ltd's holdings in Arch Capital Group were worth $8,026,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Arch Capital Group by 14.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock worth $4,924,000 after purchasing an additional 6,406 shares in the last quarter. Diversified Trust Co purchased a new stake in Arch Capital Group during the first quarter worth $435,000. Signet Financial Management LLC boosted its position in Arch Capital Group by 37.8% during the first quarter. Signet Financial Management LLC now owns 23,091 shares of the insurance provider's stock worth $2,221,000 after purchasing an additional 6,330 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Arch Capital Group by 324.1% during the first quarter. Farther Finance Advisors LLC now owns 4,033 shares of the insurance provider's stock worth $388,000 after purchasing an additional 3,082 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Arch Capital Group by 10.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 133,282 shares of the insurance provider's stock worth $12,819,000 after purchasing an additional 12,202 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the sale, the insider directly owned 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider owned 579,218 shares of the company's stock, valued at $54,452,284.18. This represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,976 shares of company stock valued at $10,531,038. Insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 0.8%

Arch Capital Group stock traded up $0.69 during trading on Friday, hitting $89.07. The company's stock had a trading volume of 1,964,531 shares, compared to its average volume of 1,714,709. The stock has a market capitalization of $33.38 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 6.17 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The stock's fifty day moving average is $92.21 and its 200 day moving average is $92.11. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47.

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 the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 earnings per share. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

ACGL has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. 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. UBS Group boosted their price target on Arch Capital Group to $124.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. 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, Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.27.

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.