Toronto Dominion Bank Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Toronto Dominion Bank boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 200,657 shares of the insurance provider's stock after acquiring an additional 13,533 shares during the period. Toronto Dominion Bank owned 0.05% of Arch Capital Group worth $18,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ACGL. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter valued at about $42,000. Y.D. More Investments Ltd grew its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Quarry LP acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $58,000. Finally, McIlrath & Eck LLC increased its stake in Arch Capital Group by 165.3% in the fourth quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 415 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business'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 sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,576 shares of company stock valued at $11,586,638. 4.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ACGL shares. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods upped their target price on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. UBS Group cut 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 report on Wednesday, April 9th. Finally, Barclays decreased their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Trading Up 0.9%

NASDAQ ACGL traded up $0.86 during trading on Friday, hitting $95.06. The company had a trading volume of 2,897,694 shares, compared to its average volume of 1,728,632. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company has a market cap of $35.62 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company's fifty day moving average is $92.62 and its 200-day moving average is $93.20.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued 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). The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 earnings per share. On average, sell-side analysts predict 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.