Two Sigma Advisers LP Takes $757,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Two Sigma Advisers LP purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,200 shares of the insurance provider's stock, valued at approximately $757,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ACGL. Cullen Frost Bankers Inc. purchased a new stake in shares of Arch Capital Group during the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd grew its holdings in 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 valued at $43,000 after buying an additional 260 shares in the last quarter. Quarry LP purchased a new stake in Arch Capital Group during the 4th quarter valued at approximately $58,000. Finally, Larson Financial Group LLC raised its position in shares of Arch Capital Group by 47.0% during the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after buying an additional 291 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 12,630 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction, the insider now owns 579,218 shares of the company's stock, valued at $54,452,284.18. This trade represents a 11.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,976 shares of company stock worth $10,531,038. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Trading Up 1.0%

Shares of Arch Capital Group stock traded up $0.96 on Friday, reaching $95.53. The company had a trading volume of 711,351 shares, compared to its average volume of 1,683,703. The firm has a market cap of $35.80 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 2.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm's 50-day moving average price is $92.57 and its two-hundred day moving average price is $93.02. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

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 analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACGL shares. Barclays dropped their target price 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. UBS Group cut their price objective on 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. Morgan Stanley set a $110.00 target price on 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 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group raised their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price 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.