DSG Capital Advisors LLC Purchases New Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

DSG Capital Advisors LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,817 shares of the insurance provider's stock, valued at approximately $999,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in 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 buying an additional 182,150 shares in the last quarter. Geode Capital Management LLC increased its position in Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after buying an additional 180,493 shares in the last quarter. Principal Financial Group Inc. increased its position in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after buying an additional 783,506 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after buying an additional 226,617 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Arch Capital Group by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock valued at $451,499,000 after buying an additional 93,226 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the transaction, the chief financial officer now owns 274,681 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,576 shares of company stock valued at $11,586,638 over the last quarter. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

ACGL stock traded up $0.86 during mid-day trading on Friday, reaching $95.06. 2,897,694 shares of the company's stock were exchanged, compared to its average volume of 1,725,859. The company has a market cap of $35.62 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The stock's 50 day moving average is $92.63 and its 200 day moving average is $93.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. During the same quarter in the prior year, the company posted $2.45 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of research reports. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Royal Bank of Canada cut their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group cut their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.00.

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.