Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Lifted by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,502 shares of the insurance provider's stock after acquiring an additional 9,195 shares during the quarter. Arch Capital Group comprises 1.1% of Steamboat Capital Partners LLC's holdings, making the stock its 25th largest holding. Steamboat Capital Partners LLC's holdings in Arch Capital Group were worth $3,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Arch Capital Group during the 4th quarter worth about $437,291,000. Madison Investment Advisors LLC acquired a new stake in shares of Arch Capital Group during the fourth quarter valued at about $410,010,000. First Trust Advisors LP increased its position in shares of Arch Capital Group by 663.3% during the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after acquiring an additional 2,139,782 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $151,342,000. Finally, Swedbank AB lifted its holdings in shares of Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after acquiring an additional 919,793 shares during the last quarter. 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 $0.15 during trading hours on Friday, hitting $92.12. The company's stock had a trading volume of 276,719 shares, compared to its average volume of 1,751,737. 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 business has a fifty day moving average of $92.60 and a 200-day moving average of $93.43. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The stock has a market cap of $34.52 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 2.31 and a beta of 0.57.

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

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the company'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 transaction, the chief executive officer now owns 795,718 shares in the company, valued at $73,588,000.64. This represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer now owns 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,576 shares of company stock valued at $11,586,638. Company insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACGL. UBS Group dropped their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada dropped 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. Keefe, Bruyette & Woods boosted their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Barclays reduced their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $115.00.

Arch Capital Group 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.