Prudential PLC Buys 37,120 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• Prudential PLC increased its stake in Arch Capital Group (NASDAQ: ACGL) by 25% in Q3, buying 37,120 shares to hold 185,466 shares worth about $16.83 million (≈0.05% ownership).
• Company insiders sold a total of 87,067 shares valued at $8.12 million in the last quarter—including sizable sales by David Gansberg and Maamoun Rajeh—reducing insider ownership to 4.20%.
• Analysts have a consensus "Hold" rating with a $109.20 average price target, while Arch recently beat quarterly earnings (EPS $2.98 vs. $2.34) and has a market cap near $33.26 billion.

Prudential PLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 25.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,466 shares of the insurance provider's stock after buying an additional 37,120 shares during the quarter. Prudential PLC owned approximately 0.05% of Arch Capital Group worth $16,827,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. WealthCollab LLC grew its stake in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider's stock worth $27,000 after acquiring an additional 238 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Arch Capital Group by 426.0% during the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 311 shares in the last quarter. Quent Capital LLC bought a new position in shares of Arch Capital Group during the third quarter valued at about $37,000. Richardson Financial Services Inc. boosted its holdings in Arch Capital Group by 63.3% during the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider's stock worth $38,000 after purchasing an additional 162 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider's stock worth $43,000 after purchasing an additional 112 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arch Capital Group news, insider David Gansberg sold 5,907 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the sale, the insider directly owned 336,559 shares of the company's stock, valued at $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Maamoun Rajeh sold 47,430 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,067 shares of company stock valued at $8,120,333 in the last quarter. 4.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on ACGL shares. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the company an "in-line" rating in a research note on Wednesday, January 7th. Barclays set a $104.00 target price on Arch Capital Group and gave the stock an "equal weight" rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $111.00 to $117.00 and gave the company a "neutral" rating in a report on Wednesday, January 7th. Morgan Stanley set a $125.00 price target on Arch Capital Group in a research report on Friday, January 16th. Finally, The Goldman Sachs Group reiterated a "sell" rating and set a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $109.20.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $93.47 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $33.26 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 3.83 and a beta of 0.40. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The firm's 50-day simple moving average is $96.21 and its two-hundred day simple moving average is $93.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the firm earned $2.26 EPS. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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