Madison Asset Management LLC Purchases 397,857 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Madison Asset Management LLC increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,837,602 shares of the insurance provider's stock after buying an additional 397,857 shares during the period. Arch Capital Group accounts for approximately 5.2% of Madison Asset Management LLC's investment portfolio, making the stock its biggest position. Madison Asset Management LLC owned approximately 1.29% of Arch Capital Group worth $465,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ACGL. Capital A Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $27,000. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $31,000. Grove Bank & Trust acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $40,000. Finally, Quarry LP acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $58,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction dated 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 directly owned 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly owned 274,681 shares of the company's stock, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,976 shares of company stock valued at $10,531,038. Corporate insiders own 4.10% of the company's stock.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent research reports. UBS Group lifted their target price on shares of Arch Capital Group to $124.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. JMP Securities reiterated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Barclays cut their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $113.60.

Arch Capital Group Stock Performance

ACGL opened at $89.00 on Wednesday. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $33.35 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 6.09 and a beta of 0.51. The company's fifty day moving average price is $91.51 and its two-hundred day moving average price is $91.91.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released 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 firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the prior year, the business earned $2.45 earnings per share. The business's quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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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