Teza Capital Management LLC Buys New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Teza Capital Management LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,340 shares of the insurance provider's stock, valued at approximately $770,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Assenagon Asset Management S.A. lifted its stake in Arch Capital Group by 11.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,504 shares of the insurance provider's stock valued at $3,186,000 after purchasing an additional 3,410 shares during the last quarter. Merit Financial Group LLC lifted its stake in Arch Capital Group by 167.2% during the fourth quarter. Merit Financial Group LLC now owns 5,911 shares of the insurance provider's stock valued at $546,000 after purchasing an additional 3,699 shares during the last quarter. HB Wealth Management LLC lifted its stake in Arch Capital Group by 3.3% during the fourth quarter. HB Wealth Management LLC now owns 8,172 shares of the insurance provider's stock valued at $755,000 after purchasing an additional 264 shares during the last quarter. UMB Bank n.a. lifted its stake in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $86,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm's 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 in the company, valued at approximately $12,742,093. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction 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. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,946 shares of company stock worth $10,392,092 in the last 90 days. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Performance

Shares of ACGL opened at $95.16 on Tuesday. The company's fifty day moving average is $92.59 and its 200-day moving average is $93.45. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced 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). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the company earned $2.45 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group increased 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 note on Friday, April 11th. Wells Fargo & Company upped their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target 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. UBS Group reduced their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada reduced their price target on shares of 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.

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