Teza Capital Management LLC Acquires New Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group in the fourth quarter valued at $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd increased its stake in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 260 shares during the period. Quarry LP acquired a new position in Arch Capital Group in the fourth quarter valued at $58,000. Finally, UMB Bank n.a. increased its stake in Arch Capital Group by 97.0% in 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 period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

ACGL traded up $0.10 on Friday, hitting $92.07. 977,016 shares of the company were exchanged, compared to its average volume of 1,725,197. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The business's fifty day moving average is $92.58 and its 200 day moving average is $93.34. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market capitalization of $34.50 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same period last year, the company earned $2.45 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. Jefferies Financial Group boosted their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. UBS Group dropped their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays dropped 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 note on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $115.00.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider now owns 579,218 shares of the company's stock, valued at $54,452,284.18. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer now directly owns 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,576 shares of company stock valued at $11,586,638 over the last quarter. Corporate insiders own 4.20% of the company's stock.

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.