Silvercrest Asset Management Group LLC Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Silvercrest Asset Management Group LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,746 shares of the insurance provider's stock after acquiring an additional 14,833 shares during the period. Silvercrest Asset Management Group LLC's holdings in Arch Capital Group were worth $7,549,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its position in Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after buying an additional 110 shares in the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after purchasing an additional 126 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after purchasing an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock worth $214,000 after purchasing an additional 129 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock worth $285,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $1.34 during midday trading on Wednesday, reaching $92.85. 1,156,473 shares of the company were exchanged, compared to its average volume of 1,729,849. The stock has a market cap of $34.80 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The business's fifty day moving average is $92.67 and its two-hundred day moving average is $93.45. Arch Capital Group Ltd. has a one year low of $82.49 and a one 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate 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 company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the company earned $2.45 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction 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 $12,742,093. This represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at $73,588,000.64. This trade represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,576 shares of company stock valued at $11,586,638 in the last 90 days. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ACGL. Wells Fargo & Company upped their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. 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 report on Tuesday, May 6th. Barclays cut 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. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Finally, JMP Securities reissued a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $115.00.

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.