Silvercrest Asset Management Group LLC Buys 14,833 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Silvercrest Asset Management Group LLC raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,746 shares of the insurance provider's stock after purchasing 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 large investors have also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after acquiring an additional 6,663 shares during the period. Pittenger & Anderson Inc. boosted its position in shares of Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after acquiring an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $366,000. Northstar Group Inc. boosted its position in shares of Arch Capital Group by 5.1% in the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock valued at $11,285,000 after acquiring an additional 5,947 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after acquiring an additional 157,197 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of ACGL stock traded up $0.10 during trading hours on Friday, hitting $92.07. 977,016 shares of the company's stock were exchanged, compared to its average volume of 1,725,197. The company has a market capitalization of $34.50 billion, a PE ratio of 8.22, 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's 50 day simple moving average is $92.58 and its 200-day simple moving average is $93.34. 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 posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company's revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $2.45 earnings per share. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Barclays dropped their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group lifted their target price 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. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $115.00.

Insiders Place Their Bets

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the transaction, the chief financial officer now directly owns 274,681 shares in the company, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,576 shares of company stock valued at $11,586,638. 4.20% of the stock is currently owned by corporate insiders.

About Arch Capital Group

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.