FJ Capital Management LLC Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

FJ Capital Management LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,462 shares of the insurance provider's stock after purchasing an additional 3,020 shares during the quarter. FJ Capital Management LLC's holdings in Arch Capital Group were worth $2,167,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd grew its position in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the period. Quarry LP acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $58,000. Finally, UMB Bank n.a. raised its holdings in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares during the period. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of ACGL stock traded down $0.02 on Friday, reaching $94.54. The company's stock had a trading volume of 1,278,394 shares, compared to its average volume of 1,729,541. 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 Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a market capitalization of $35.52 billion, a P/E ratio of 8.44, a PEG ratio of 2.31 and a beta of 0.57. The stock's 50 day simple moving average is $92.22 and its 200-day simple moving average is $93.83.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) 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 business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same quarter last year, the business posted $2.45 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ACGL. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. UBS Group lowered their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley reduced their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Jefferies Financial Group increased their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, Barclays dropped their target price on 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $115.00.

Insider Activity

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the company'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 completion of the sale, the chief executive officer now owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Louis T. Petrillo sold 11,600 shares of the 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 sale, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

About Arch Capital Group

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.