Inscription Capital LLC Buys New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Inscription Capital LLC bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,809 shares of the insurance provider's stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in shares of Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after acquiring an additional 110 shares during the period. Cim LLC raised its holdings in shares of Arch Capital Group by 1.1% in the 4th quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after purchasing an additional 124 shares during the period. CreativeOne Wealth LLC lifted its stake in Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 126 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after purchasing an additional 127 shares during the last quarter. Finally, Aurora Investment Managers LLC. grew its holdings in Arch Capital Group by 0.6% during the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock worth $2,167,000 after purchasing an additional 135 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $90.30 on Thursday. 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 firm has a market cap of $33.84 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 6.23 and a beta of 0.53. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The firm's 50-day simple moving average is $92.65 and its 200 day simple moving average is $92.54.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released 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 business 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 firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 earnings per share. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ACGL. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. 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. Wells Fargo & Company increased their price target on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $114.63.

Insider Activity

In related news, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction dated 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 owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $7,056,390.60. Following the sale, the insider now directly owns 579,218 shares of the company's stock, valued at $54,452,284.18. This represents a 11.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 111,976 shares of company stock worth $10,531,038. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group 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.

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