Westwind Capital Has $9.08 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Westwind Capital increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,401 shares of the insurance provider's stock after acquiring an additional 3,038 shares during the quarter. Arch Capital Group comprises about 2.3% of Westwind Capital's investment portfolio, making the stock its 18th biggest position. Westwind Capital's holdings in Arch Capital Group were worth $9,080,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $437,291,000. Madison Investment Advisors LLC bought a new stake in Arch Capital Group in the 4th quarter valued at $410,010,000. First Trust Advisors LP raised its position in shares of Arch Capital Group by 663.3% during the fourth 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 last quarter. Marshall Wace LLP bought a new stake in shares of Arch Capital Group in the fourth quarter valued at about $151,342,000. Finally, Egerton Capital UK LLP lifted its stake in shares of Arch Capital Group by 25.8% in the fourth 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. Institutional investors own 89.07% of the company's stock.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the stock in a transaction on 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 directly owned 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider directly owned 140,023 shares in the company, valued at approximately $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock worth $10,531,038 in the last ninety days. Company insiders own 4.10% of the company's stock.

Arch Capital Group Trading Up 0.5%

Shares of Arch Capital Group stock traded up $0.45 during trading on Tuesday, reaching $91.50. 2,712,396 shares of the company were exchanged, compared to its average volume of 1,747,660. The business has a 50-day moving average price of $92.41 and a 200-day moving average price of $92.15. The firm has a market capitalization of $34.29 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 6.24 and a beta of 0.53. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. Arch Capital Group's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ACGL. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus target price of $114.63.

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.