FJ Capital Management LLC Has $2.17 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

FJ Capital Management LLC boosted 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 filing with the Securities and Exchange Commission. The fund owned 23,462 shares of the insurance provider's stock after acquiring an additional 3,020 shares during the period. FJ Capital Management LLC's holdings in Arch Capital Group were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock worth $3,878,663,000 after acquiring an additional 182,150 shares during the last quarter. Geode Capital Management LLC increased its stake in Arch Capital Group by 1.7% during the fourth 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 stake in Arch Capital Group by 10.5% during the fourth 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 stake in Arch Capital Group by 4.4% during the fourth 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, Northern Trust Corp grew its position in shares of Arch Capital Group by 11.3% during the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock worth $448,895,000 after acquiring an additional 495,262 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACGL. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. UBS Group reduced their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Trading Down 2.0%

Arch Capital Group stock traded down $1.84 during midday trading on Wednesday, reaching $91.58. 759,668 shares of the stock traded hands, compared to its average volume of 1,725,680. The company has a 50-day simple moving average of $92.32 and a two-hundred day simple moving average of $93.75. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The firm has a market cap of $34.41 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued 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 analyst estimates of $4.75 billion. During the same period last year, the business posted $2.45 EPS. Arch Capital Group's revenue was up 10.5% on a year-over-year basis. Research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group 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 sale, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,886 shares of company stock worth $3,335,702 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

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.