Smith Group Asset Management LLC Acquires 17,422 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Smith Group Asset Management LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 333,391 shares of the insurance provider's stock after acquiring an additional 17,422 shares during the quarter. Arch Capital Group accounts for approximately 2.4% of Smith Group Asset Management LLC's portfolio, making the stock its 14th largest holding. Smith Group Asset Management LLC owned about 0.09% of Arch Capital Group worth $32,066,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Henry James International Management Inc. purchased a new stake in Arch Capital Group in the first quarter worth $210,000. Strid Group LLC lifted its position in shares of Arch Capital Group by 54.0% in the 1st quarter. Strid Group LLC now owns 13,105 shares of the insurance provider's stock worth $1,260,000 after purchasing an additional 4,595 shares during the period. KBC Group NV raised its stake in Arch Capital Group by 5.9% in the first quarter. KBC Group NV now owns 597,230 shares of the insurance provider's stock worth $57,442,000 after buying an additional 33,135 shares in the last quarter. RBA Wealth Management LLC boosted its holdings in shares of Arch Capital Group by 1.2% during the 1st quarter. RBA Wealth Management LLC now owns 65,689 shares of the insurance provider's stock valued at $6,318,000 after buying an additional 762 shares in the last quarter. Finally, Westwind Capital boosted its holdings in shares of Arch Capital Group by 3.3% during the 1st quarter. Westwind Capital now owns 94,401 shares of the insurance provider's stock valued at $9,080,000 after buying an additional 3,038 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ACGL shares. JMP Securities reiterated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on shares of 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 increased their target price on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Barclays decreased their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.27.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 16,650 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the sale, the insider owned 140,023 shares in the company, valued at approximately $13,236,374.19. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was 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 owned 795,718 shares of the company's stock, valued at $73,588,000.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock worth $10,531,038 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Down 3.4%

ACGL traded down $3.12 during trading on Wednesday, hitting $88.38. The company's stock had a trading volume of 3,304,036 shares, compared to its average volume of 1,710,756. The stock has a market cap of $33.12 billion, a PE ratio of 9.06, a PEG ratio of 6.33 and a beta of 0.51. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The firm's 50 day moving average price is $92.38 and its 200-day moving average price is $92.14.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued 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 company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 EPS. On average, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.