Two Sigma Investments LP Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Two Sigma Investments LP increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 229.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,467 shares of the insurance provider's stock after purchasing an additional 74,880 shares during the quarter. Two Sigma Investments LP's holdings in Arch Capital Group were worth $9,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tidal Investments LLC lifted its stake in shares of Arch Capital Group by 3.4% in the 4th quarter. Tidal Investments LLC now owns 25,349 shares of the insurance provider's stock valued at $2,341,000 after acquiring an additional 844 shares during the last quarter. Teza Capital Management LLC acquired a new position in Arch Capital Group in the 4th quarter worth about $770,000. State of Wyoming boosted its stake in shares of Arch Capital Group by 24.8% during the fourth quarter. State of Wyoming now owns 5,418 shares of the insurance provider's stock valued at $500,000 after purchasing an additional 1,076 shares in the last quarter. Steamboat Capital Partners LLC grew its holdings in shares of Arch Capital Group by 31.4% during the fourth quarter. Steamboat Capital Partners LLC now owns 38,502 shares of the insurance provider's stock worth $3,556,000 after purchasing an additional 9,195 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Arch Capital Group by 7.2% during the fourth quarter. Toronto Dominion Bank now owns 200,657 shares of the insurance provider's stock worth $18,526,000 after purchasing an additional 13,533 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group decreased their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.00.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction 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 represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,576 shares of company stock valued at $11,586,638 over the last ninety days. 4.20% of the stock is owned by company insiders.

Arch Capital Group Stock Up 0.4%

Shares of ACGL stock traded up $0.38 on Friday, reaching $94.58. 266,863 shares of the company were exchanged, compared to its average volume of 1,718,217. 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 company has a 50-day moving average of $92.62 and a 200-day moving average of $93.20. The company has a market cap of $35.44 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47.

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