ProShare Advisors LLC Boosts Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

ProShare Advisors LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,812 shares of the insurance provider's stock after buying an additional 10,773 shares during the period. ProShare Advisors LLC's holdings in Arch Capital Group were worth $9,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter worth about $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Quarry LP acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $58,000. Finally, UMB Bank n.a. boosted its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. The trade was a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer now owns 795,718 shares of the company's stock, valued at $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,576 shares of company stock worth $11,586,638. Company insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACGL. Barclays dropped their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group increased their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. UBS Group reduced their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley upped their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday. Finally, JMP Securities reiterated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.00.

Arch Capital Group Stock Performance

NASDAQ ACGL traded down $0.97 during trading on Tuesday, hitting $94.19. 1,460,593 shares of the company's stock traded hands, compared to its average volume of 1,731,945. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a market capitalization of $35.30 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The business has a 50 day moving average of $92.66 and a 200-day moving average of $93.46.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results 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 company had revenue of $4.52 billion for 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 firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.