Wealth Enhancement Advisory Services LLC Has $6.90 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 976.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,741 shares of the insurance provider's stock after acquiring an additional 67,795 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Arch Capital Group were worth $6,902,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ACGL. Norges Bank purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $437,291,000. Madison Investment Advisors LLC purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $410,010,000. First Trust Advisors LP grew its stake in shares of Arch Capital Group by 663.3% in the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after buying an additional 2,139,782 shares during the period. Marshall Wace LLP purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $151,342,000. Finally, Egerton Capital UK LLP grew its stake in shares of Arch Capital Group by 25.8% in the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock valued at $368,289,000 after buying an additional 816,750 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 in the last 90 days. Corporate insiders own 4.10% of the company's stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded down $0.18 on Thursday, reaching $94.57. 816,629 shares of the company's stock were exchanged, compared to its average volume of 1,685,390. The firm has a market capitalization of $35.44 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.31 and a beta of 0.53. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The business's 50-day moving average is $92.58 and its two-hundred day moving average is $93.03. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.45 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

ACGL has been the subject of a number of research analyst reports. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. UBS Group lowered 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 research report on Wednesday, April 9th. Barclays lowered 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 research report on Friday, April 11th. Finally, Wells Fargo & Company increased 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Company 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.