20,774 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,774 shares of the insurance provider's stock, valued at approximately $1,543,000.

Several other large investors have also recently bought and sold shares of ACGL. WCM Investment Management LLC bought a new position in shares of Arch Capital Group in the first quarter worth approximately $866,650,000. Norges Bank bought a new position in shares of Arch Capital Group in the 4th quarter worth $207,242,000. Morgan Stanley raised its position in shares of Arch Capital Group by 116.3% during the 4th quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider's stock valued at $225,079,000 after buying an additional 1,927,830 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider's stock worth $208,905,000 after acquiring an additional 1,387,072 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Arch Capital Group by 49.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,859,630 shares of the insurance provider's stock worth $288,893,000 after acquiring an additional 1,269,730 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. Citigroup decreased their price objective on Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, January 22nd. Evercore ISI increased their price target on shares of Arch Capital Group from $85.00 to $92.00 and gave the company an "in-line" rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $80.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $94.46.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 25,689 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Francois Morin sold 25,689 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at $19,399,009.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,689 shares of company stock valued at $11,872,217. Insiders own 4.20% of the company's stock.

Arch Capital Group Stock Up 4.2 %

Shares of Arch Capital Group stock traded up $3.81 during midday trading on Friday, hitting $94.90. The company had a trading volume of 2,590,373 shares, compared to its average volume of 1,791,206. The company has a 50 day moving average of $87.77 and a 200 day moving average of $83.26. The stock has a market capitalization of $35.60 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a 52-week low of $68.31 and a 52-week high of $95.01. 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 (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the company earned $2.14 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8 earnings per share for the current fiscal year.

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.