Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lifted by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 200,657 shares of the insurance provider's stock after buying 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 SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock worth $18,203,000 after purchasing an additional 6,663 shares during the period. Pittenger & Anderson Inc. raised its stake in Arch Capital Group by 56.6% during the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new position in Arch Capital Group during the fourth quarter worth approximately $366,000. Northstar Group Inc. increased its position in shares of Arch Capital Group by 5.1% in the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock worth $11,285,000 after acquiring an additional 5,947 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Arch Capital Group by 33.7% in the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after acquiring an additional 157,197 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Barclays cut their target price 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. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, UBS Group cut their target price 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $115.00.

Insiders Place Their Bets

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group 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 owns 274,681 shares in the company, valued at approximately $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. Insiders sold a total of 123,576 shares of company stock valued at $11,586,638 in the last ninety days. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Stock Up 0.1%

ACGL stock traded up $0.10 during mid-day trading 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 market capitalization of $34.50 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. 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 twelve month low of $82.49 and a twelve month high of $116.47. The firm has a fifty day simple moving average of $92.58 and a 200 day simple moving average of $93.30.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. Arch Capital Group's revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.45 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.