SG Americas Securities LLC Acquires 121,206 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

SG Americas Securities LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 601.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,370 shares of the insurance provider's stock after buying an additional 121,206 shares during the quarter. SG Americas Securities LLC's holdings in Arch Capital Group were worth $10,500,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co grew its position in Arch Capital Group by 57.3% during the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider's stock worth $32,000 after buying an additional 252 shares in the last quarter. First Horizon Advisors Inc. grew its position in Arch Capital Group by 151.0% during the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider's stock worth $34,000 after buying an additional 299 shares in the last quarter. Steward Financial Group LLC grew its position in Arch Capital Group by 180.7% during the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider's stock worth $41,000 after buying an additional 338 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Arch Capital Group during the second quarter worth about $47,000. Finally, Compass Wealth Management LLC purchased a new position in Arch Capital Group during the fourth quarter worth about $50,000. 87.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Maamoun Rajeh sold 50,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock worth $11,872,217 over the last quarter. Corporate insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of several recent analyst reports. Citigroup reduced their target price on Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, January 22nd. Evercore ISI lifted their price target on shares of Arch Capital Group from $85.00 to $92.00 and gave the stock an "in-line" rating in a research note on Thursday, February 15th. JMP Securities lifted their price target on shares of Arch Capital Group from $95.00 to $100.00 and gave the stock a "market outperform" rating in a research note on Thursday, February 15th. UBS Group decreased their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a "buy" rating on the stock in a research note on Wednesday, January 10th. Finally, StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Monday, March 11th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.46.

Arch Capital Group Trading Down 0.0 %

Shares of NASDAQ ACGL traded down $0.01 during mid-day trading on Friday, hitting $90.68. The stock had a trading volume of 1,888,918 shares, compared to its average volume of 1,748,195. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a 1 year low of $63.69 and a 1 year high of $92.57. The business has a 50 day moving average price of $85.27 and a two-hundred day moving average price of $82.33. The firm has a market cap of $33.93 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period in the previous year, the firm earned $2.14 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 7.98 EPS for the current fiscal 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.