Swedbank AB Grows Holdings in Arch Capital Group Ltd. $ACGL

Key Points

• Swedbank AB increased its stake in Arch Capital Group (NASDAQ:ACGL) by 0.9% to 1,915,590 shares—about 0.53% of the company, valued at roughly $183.74 million at quarter-end.
• Insider activity was notable: director Daniel Joseph Houston bought 5,300 shares (a 114.84% increase in his holding) while insider David Gansberg sold 5,907 shares; institutional investors own 89.07% of ACGL and corporate insiders hold 3.30%.
• Arch reported quarterly EPS of $2.50 and revenue of $4.52 billion, with a 24.64% net margin and 17.61% ROE, and analysts' consensus is a "Hold" with an average target price of $106.32.

Swedbank AB lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,915,590 shares of the insurance provider's stock after acquiring an additional 16,330 shares during the quarter. Swedbank AB owned 0.53% of Arch Capital Group worth $183,743,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ACGL. WealthCollab LLC raised its holdings in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider's stock valued at $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC acquired a new position in Arch Capital Group in the 3rd quarter valued at about $28,000. Aventura Private Wealth LLC purchased a new stake in Arch Capital Group during the fourth quarter worth about $30,000. Grove Bank & Trust purchased a new stake in Arch Capital Group during the fourth quarter worth about $30,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider's stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In related news, insider David Gansberg sold 5,907 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the sale, the insider owned 336,559 shares in the company, valued at $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares of the company's stock, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders sold 78,267 shares of company stock worth $7,291,637. Corporate insiders own 3.30% of the company's stock.

Arch Capital Group Price Performance

Shares of ACGL opened at $94.14 on Wednesday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The firm's fifty day simple moving average is $96.29 and its 200-day simple moving average is $94.27. The firm has a market capitalization of $33.54 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 5.12 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Equities analysts forecast that Arch Capital Group Ltd. will post 9.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACGL. Royal Bank Of Canada lifted their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, February 11th. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the company an "in-line" rating in a research report on Wednesday, January 7th. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $105.00 to $102.00 and set a "market perform" rating for the company in a report on Tuesday. Finally, Barclays upped their price target on Arch Capital Group from $104.00 to $106.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $106.32.

About Arch Capital Group

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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