Jacobs Levy Equity Management Inc. Purchases 9,229 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Jacobs Levy Equity Management Inc. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,532 shares of the insurance provider's stock after acquiring an additional 9,229 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Arch Capital Group were worth $10,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter valued at $42,000. Y.D. More Investments Ltd raised its stake in 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 bought a new stake in Arch Capital Group in the 4th quarter valued at $58,000. Finally, UMB Bank n.a. raised its stake in 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 acquiring an additional 414 shares during the period. Institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACGL. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank of Canada dropped their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. 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. JMP Securities reiterated 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. Finally, Morgan Stanley lowered their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and a consensus target price of $115.00.

Arch Capital Group Price Performance

Shares of ACGL traded up $2.69 during trading hours on Thursday, hitting $93.54. 1,377,589 shares of the company were exchanged, compared to its average volume of 1,732,639. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm's fifty day moving average is $92.38 and its 200 day moving average is $93.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $2.45 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at $73,588,000.64. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the sale, the insider now directly owns 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,946 shares of company stock valued at $10,392,092 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

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.