Institute for Wealth Management LLC. Purchases 4,218 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Institute for Wealth Management LLC. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 94.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,679 shares of the insurance provider's stock after buying an additional 4,218 shares during the quarter. Institute for Wealth Management LLC.'s holdings in Arch Capital Group were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of 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 worth $3,878,663,000 after buying an additional 182,150 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Arch Capital Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock worth $1,014,648,000 after purchasing an additional 180,493 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after purchasing an additional 93,226 shares during the last quarter. Northern Trust Corp grew its stake in shares of Arch Capital Group by 11.3% in the 4th quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock worth $448,895,000 after purchasing an additional 495,262 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $437,291,000. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, 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. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.63.

Arch Capital Group Stock Performance

ACGL stock traded up $0.94 on Monday, reaching $91.11. 1,580,797 shares of the company were exchanged, compared to its average volume of 1,694,925. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The stock's fifty day moving average price is $92.57 and its 200 day moving average price is $92.28. The firm has a market capitalization of $34.14 billion, a PE ratio of 9.34, a PEG ratio of 6.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its 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 15.79% and a net margin of 20.72%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the firm posted $2.45 EPS. The company's revenue was up 10.5% compared to the same quarter last year. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Over 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 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.