Janus Henderson Group PLC Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

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

A number of other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $437,291,000. Madison Investment Advisors LLC bought a new position in Arch Capital Group during the fourth quarter valued at about $410,010,000. First Trust Advisors LP increased its holdings in Arch Capital Group by 663.3% during the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after buying an additional 2,139,782 shares during the last quarter. Marshall Wace LLP bought a new stake in Arch Capital Group in the fourth quarter worth about $151,342,000. Finally, Swedbank AB raised its position in Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after acquiring an additional 919,793 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.10 during mid-day trading on Friday, reaching $92.07. 977,016 shares of the stock traded hands, compared to its average volume of 1,725,197. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. 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 $34.50 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The firm has a fifty day moving average price of $92.58 and a 200 day moving average price of $93.34.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data 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 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 period in the previous year, the firm posted $2.45 EPS. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity

In related news, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the transaction, the insider now owns 579,218 shares of the company's stock, valued at $54,452,284.18. This represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,576 shares of company stock worth $11,586,638. 4.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACGL. Keefe, Bruyette & Woods raised their price target 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 target price on Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group lifted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Barclays lowered their price objective on 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $115.00.

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.