Royal Bank of Canada Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Royal Bank of Canada boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,442,565 shares of the insurance provider's stock after buying an additional 51,738 shares during the period. Royal Bank of Canada owned approximately 0.91% of Arch Capital Group worth $317,922,000 at the end of the most recent reporting period.

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

Arch Capital Group Stock Down 1.0%

ACGL traded down $0.97 on Tuesday, hitting $94.19. 1,460,593 shares of the company were exchanged, compared to its average volume of 1,731,945. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a market cap of $35.30 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $92.66 and a two-hundred day moving average price of $93.46.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly 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 17.96% and a net margin of 24.73%. The business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. During the same period last year, the firm earned $2.45 earnings per share. The firm's quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, UBS Group decreased their target price 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the transaction, the insider now directly owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,576 shares of company stock valued at $11,586,638 in the last ninety days. Insiders own 4.20% of the company's stock.

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.