Nilsine Partners LLC Acquires 3,695 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Nilsine Partners LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 13.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 30,569 shares of the insurance provider's stock after buying an additional 3,695 shares during the period. Nilsine Partners LLC's holdings in Arch Capital Group were worth $2,940,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Praxis Investment Management Inc. increased its position in shares of Arch Capital Group by 7.7% during the first quarter. Praxis Investment Management Inc. now owns 21,080 shares of the insurance provider's stock valued at $2,027,000 after purchasing an additional 1,500 shares during the period. Blue Trust Inc. increased its holdings in Arch Capital Group by 10.8% in the 1st quarter. Blue Trust Inc. now owns 1,697 shares of the insurance provider's stock valued at $163,000 after buying an additional 166 shares during the period. Silver Oak Securities Incorporated raised its stake in shares of Arch Capital Group by 19.2% in the 1st quarter. Silver Oak Securities Incorporated now owns 6,928 shares of the insurance provider's stock valued at $659,000 after buying an additional 1,115 shares in the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of Arch Capital Group by 94.6% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,679 shares of the insurance provider's stock worth $835,000 after acquiring an additional 4,218 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Arch Capital Group by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 43,941 shares of the insurance provider's stock valued at $4,226,000 after acquiring an additional 1,220 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACGL shares. Jefferies Financial Group downgraded 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. Wells Fargo & Company boosted 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. JMP Securities reissued a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. UBS Group upped their target price on shares of Arch Capital Group to $124.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $114.63.

Insider Activity

In other news, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Francois Morin sold 12,630 shares of the company'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 sale, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock worth $10,531,038 over the last three months. Corporate insiders own 4.10% of the company's stock.

Arch Capital Group Trading Down 0.2%

Shares of Arch Capital Group stock traded down $0.14 during trading hours on Tuesday, hitting $90.97. The company's stock had a trading volume of 1,431,982 shares, compared to its average volume of 1,695,223. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $34.09 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 6.30 and a beta of 0.53. The stock has a 50 day moving average of $92.57 and a 200 day moving average of $92.28.

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 analysts' consensus estimates of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The company's revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.