Janus Henderson Group PLC Has $4.61 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Janus Henderson Group PLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,944 shares of the insurance provider's stock after buying an additional 5,028 shares during the period. Janus Henderson Group PLC's holdings in Arch Capital Group were worth $4,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gotham Asset Management LLC raised its holdings in Arch Capital Group by 6.9% during the 4th quarter. Gotham Asset Management LLC now owns 15,493 shares of the insurance provider's stock worth $1,431,000 after buying an additional 1,006 shares during the period. Focus Partners Wealth raised its holdings in Arch Capital Group by 1.3% during the 4th quarter. Focus Partners Wealth now owns 55,888 shares of the insurance provider's stock worth $5,164,000 after buying an additional 704 shares during the period. Ellevest Inc. acquired a new stake in Arch Capital Group during the 4th quarter worth about $242,000. Ensign Peak Advisors Inc increased its holdings in shares of Arch Capital Group by 4.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 167,441 shares of the insurance provider's stock valued at $15,463,000 after purchasing an additional 7,287 shares during the period. Finally, Ethic Inc. increased its holdings in shares of Arch Capital Group by 33.2% in the 4th quarter. Ethic Inc. now owns 30,968 shares of the insurance provider's stock valued at $2,860,000 after purchasing an additional 7,712 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at $73,588,000.64. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,946 shares of company stock worth $10,392,092 over the last 90 days. Insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 1.1%

Shares of ACGL stock opened at $94.59 on Monday. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $92.47 and its two-hundred day moving average is $93.46. The company has a market cap of $35.45 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

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). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the business earned $2.45 EPS. The company's revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. UBS Group dropped their target price 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. Wells Fargo & Company upped their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley dropped their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, Royal Bank of Canada dropped their target price 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. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

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