Toronto Dominion Bank Buys 13,533 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

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

A number of other hedge funds also recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group during the 4th quarter worth $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group during the fourth quarter worth about $42,000. Y.D. More Investments Ltd lifted its holdings in shares of 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 worth $43,000 after acquiring an additional 260 shares during the last quarter. Quarry LP bought a new position in shares of Arch Capital Group in the fourth quarter worth about $58,000. Finally, UMB Bank n.a. boosted its stake in shares of Arch Capital Group by 97.0% in the 4th 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 in the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ACGL shares. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Barclays dropped their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group increased their target price on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $95.16 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a 50 day simple moving average of $92.59 and a two-hundred day simple moving average of $93.45. The company has a market capitalization of $35.66 billion, a PE ratio of 8.50, a P/E/G ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the company posted $2.45 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.53, for a total value of $1,573,924.50. Following the completion of the sale, the insider now directly owns 140,023 shares in the company, valued at approximately $13,236,374.19. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 579,218 shares in the company, valued at approximately $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,946 shares of company stock valued at $10,392,092. 4.20% of the stock is currently owned by insiders.

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.

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