Vise Technologies Inc. bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,940 shares of the insurance provider's stock, valued at approximately $272,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Arch Capital Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock valued at $3,878,663,000 after purchasing an additional 182,150 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after purchasing an additional 180,493 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after purchasing an additional 226,617 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after acquiring an additional 93,226 shares in the last quarter. Institutional investors own 89.07% of the company's stock.
Insider Transactions at Arch Capital Group
In other news, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer now owns 274,681 shares in the company, valued at approximately $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value 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 represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,576 shares of company stock worth $11,586,638. 4.20% of the stock is currently owned by insiders.
Arch Capital Group Trading Up 0.9%
Shares of NASDAQ:ACGL traded up $0.86 on Friday, hitting $95.06. 2,897,694 shares of the company's stock were exchanged, compared to its average volume of 1,691,912. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The business's 50 day simple moving average is $92.63 and its two-hundred day simple moving average is $93.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results 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). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter last year, the business posted $2.45 earnings per share. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ACGL has been the subject of several analyst reports. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Barclays cut their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, UBS Group cut their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Six investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.00.
Read Our Latest Report on ACGL
Arch Capital Group Company Profile
(
Free Report)
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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