SG Americas Securities LLC Grows Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

SG Americas Securities LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 977.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,526 shares of the insurance provider's stock after purchasing an additional 85,751 shares during the period. SG Americas Securities LLC's holdings in Arch Capital Group were worth $9,092,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ACGL. Capital A Wealth Management LLC purchased a new position in shares of Arch Capital Group in the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group in the fourth quarter valued at $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $42,000. Quarry LP purchased a new position in shares of Arch Capital Group during the fourth quarter worth about $58,000. Finally, McIlrath & Eck LLC increased its position in shares of Arch Capital Group by 165.3% during the fourth quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider's stock worth $62,000 after purchasing an additional 415 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACGL has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. UBS Group boosted their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $106.00 to $100.00 in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $114.63.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded up $2.52 during midday trading on Thursday, hitting $91.91. The stock had a trading volume of 1,658,574 shares, compared to its average volume of 1,694,412. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. 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 stock has a 50 day moving average price of $92.38 and a two-hundred day moving average price of $92.87. The company has a market capitalization of $34.44 billion, a PE ratio of 8.21, a P/E/G ratio of 2.31 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced 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). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the prior year, the firm posted $2.45 EPS. Arch Capital Group's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider now owns 140,023 shares in the company, valued at $13,236,374.19. The trade was a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock valued at $10,531,038 in the last three months. 4.20% of the stock is currently owned by company insiders.

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.