Diversified Trust Co Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Diversified Trust Co bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,520 shares of the insurance provider's stock, valued at approximately $435,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ACGL. IFP Advisors Inc raised its stake in shares of Arch Capital Group by 24.3% in the fourth quarter. IFP Advisors Inc now owns 1,740 shares of the insurance provider's stock valued at $163,000 after buying an additional 340 shares during the period. Proficio Capital Partners LLC purchased a new position in Arch Capital Group during the fourth quarter worth about $92,000. Private Trust Co. NA increased its position in shares of Arch Capital Group by 14.1% in the fourth quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider's stock worth $118,000 after purchasing an additional 157 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Arch Capital Group by 3.2% in the 4th quarter. Metis Global Partners LLC now owns 26,287 shares of the insurance provider's stock worth $2,428,000 after buying an additional 822 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Arch Capital Group by 105.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,953 shares of the insurance provider's stock valued at $180,000 after purchasing an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. 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 research report on Thursday, May 1st. Finally, UBS Group upped their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.63.

Arch Capital Group Stock Performance

ACGL traded up $0.45 during midday trading on Tuesday, reaching $91.50. The company had a trading volume of 2,712,406 shares, compared to its average volume of 1,700,345. 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 $34.29 billion, a P/E ratio of 9.38, a P/E/G ratio of 6.24 and a beta of 0.53. The business has a 50-day moving average of $92.41 and a two-hundred day moving average of $92.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $4.75 billion. During the same period last year, the company earned $2.45 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction that occurred 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 directly owned 795,718 shares of the company's stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 12,630 shares of the company'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 owned 274,681 shares of the company's stock, 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. Over the last quarter, insiders have sold 111,976 shares of company stock worth $10,531,038. 4.10% of the stock is currently owned by corporate insiders.

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.