Two Sigma Advisers LP Makes New $757,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Two Sigma Advisers LP bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,200 shares of the insurance provider's stock, valued at approximately $757,000.

Other large investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. lifted its holdings in shares of Arch Capital Group by 56.6% during the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 2,430 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $366,000. Northstar Group Inc. increased its position in shares of Arch Capital Group by 5.1% during the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock valued at $11,285,000 after acquiring an additional 5,947 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Arch Capital Group by 33.7% during the fourth 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 in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Arch Capital Group by 98.8% during the fourth quarter. Independent Advisor Alliance now owns 6,925 shares of the insurance provider's stock valued at $640,000 after acquiring an additional 3,442 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL stock traded down $1.07 during mid-day trading on Wednesday, reaching $94.75. 871,638 shares of the company's stock traded hands, compared to its average volume of 1,686,169. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The firm has a 50 day moving average price of $92.62 and a two-hundred day moving average price of $93.03. 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 firm has a market capitalization of $35.51 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (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 business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the previous year, the firm earned $2.45 EPS. The company's revenue was up 10.5% on a year-over-year basis. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity

In related news, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider now owns 140,023 shares in the company, valued at approximately $13,236,374.19. The trade was a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group 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 transaction, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock valued at $10,531,038 in the last 90 days. Company insiders own 4.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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. Barclays reduced their price target on shares of 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. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods raised their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group raised their price target on shares of 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $115.00.

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.