Westwind Capital Purchases 3,038 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Westwind Capital raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,401 shares of the insurance provider's stock after buying an additional 3,038 shares during the quarter. Arch Capital Group comprises about 2.3% of Westwind Capital's holdings, making the stock its 18th largest position. Westwind Capital's holdings in Arch Capital Group were worth $9,080,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Arch Capital Group by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock valued at $4,924,000 after buying an additional 6,406 shares during the period. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Arch Capital Group in the first quarter valued at $27,000. Illinois Municipal Retirement Fund raised its stake in shares of Arch Capital Group by 20.8% in the first quarter. Illinois Municipal Retirement Fund now owns 119,970 shares of the insurance provider's stock valued at $11,539,000 after buying an additional 20,638 shares during the period. Diversified Trust Co bought a new stake in shares of Arch Capital Group in the first quarter valued at $435,000. Finally, KG&L Capital Management LLC grew its position in shares of Arch Capital Group by 4.3% in the first quarter. KG&L Capital Management LLC now owns 11,797 shares of the insurance provider's stock valued at $1,135,000 after purchasing an additional 490 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $90.32 on Friday. The company has a market capitalization of $33.85 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 6.24 and a beta of 0.53. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $92.39 and a 200 day moving average of $92.19.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly 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 firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 earnings per share. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACGL has been the subject of several recent research reports. UBS Group lifted their price target on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Wells Fargo & Company lifted their price target on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods lifted their price target on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.63.

Insider Activity at Arch Capital Group

In related news, insider John M. Pasquesi sold 75,060 shares of the company's 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 completion of the sale, the insider now owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. This represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were 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 approximately $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 over the last three months. Company insiders own 4.20% of the company's stock.

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.

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