Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 97,812 shares of the insurance provider's stock after purchasing an additional 10,773 shares during the period. ProShare Advisors LLC's holdings in Arch Capital Group were worth $9,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its stake in Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after purchasing an additional 110 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Arch Capital Group by 4.9% in the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after buying an additional 126 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after buying an additional 127 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock valued at $214,000 after buying an additional 129 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its holdings in shares of Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after buying an additional 132 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm's 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 $12,742,093. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the business'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 sale, the chief financial officer now directly owns 274,681 shares in the company, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,576 shares of company stock worth $11,586,638. Company insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

ACGL stock traded up $0.24 during trading on Friday, hitting $92.21. The company had a trading volume of 208,615 shares, compared to its average volume of 1,720,407. The firm has a market cap of $34.56 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. 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 firm has a 50-day moving average price of $92.60 and a 200-day moving average price of $93.43. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $2.45 earnings per share. On average, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ACGL shares. Wells Fargo & Company increased their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a report on Monday. JMP Securities reissued a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Barclays decreased their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, UBS Group cut their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.