Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,532 shares of the insurance provider's stock after buying an additional 9,229 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Arch Capital Group were worth $10,485,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. 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. Royal Bank of Canada dropped their price objective on 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. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Jefferies Financial Group lifted 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. Six equities 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.00.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $706,177.28. Following the completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,946 shares of company stock worth $10,392,092 in the last 90 days. 4.20% of the stock is owned by company insiders.

Arch Capital Group Trading Up 1.1%

ACGL traded up $1.05 during midday trading on Friday, hitting $94.59. The company's stock had a trading volume of 1,113,305 shares, compared to its average volume of 1,733,369. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a market cap of $35.45 billion, a P/E ratio of 8.45, a PEG ratio of 2.31 and a beta of 0.57. The firm has a 50-day moving average price of $92.47 and a two-hundred day moving average price of $93.46. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS 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 analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.45 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.