Cambiar Investors LLC Boosts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cambiar Investors LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 157,873 shares of the insurance provider's stock after acquiring an additional 19,571 shares during the period. Cambiar Investors LLC's holdings in Arch Capital Group were worth $11,725,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Arch Capital Group by 3.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,800 shares of the insurance provider's stock worth $1,152,000 after purchasing an additional 799 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Arch Capital Group by 27.1% during the 1st quarter. HighTower Advisors LLC now owns 34,331 shares of the insurance provider's stock worth $1,662,000 after purchasing an additional 7,316 shares during the last quarter. Cetera Advisor Networks LLC increased its position in shares of Arch Capital Group by 33.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,567 shares of the insurance provider's stock worth $318,000 after purchasing an additional 1,631 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Arch Capital Group by 12.3% during the 1st quarter. Private Advisor Group LLC now owns 14,025 shares of the insurance provider's stock worth $679,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $76,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded up $3.81 during trading on Friday, reaching $94.90. 2,590,373 shares of the company traded hands, compared to its average volume of 1,791,206. The company's 50 day moving average is $87.77 and its two-hundred day moving average is $83.27. The firm has a market capitalization of $35.60 billion, a PE ratio of 8.17, a PEG ratio of 1.19 and a beta of 0.57. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52 week low of $68.31 and a 52 week high of $95.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same period in the prior year, the company posted $2.14 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8 earnings per share for the current year.

Insider Activity

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was 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 owns 336,170 shares of the company's stock, valued at $29,408,151.60. The disclosure for this sale can be found here. In the last three months, insiders sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $80.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. UBS Group decreased their target price on Arch Capital Group from $101.00 to $97.00 and set a "buy" rating on the stock in a report on Wednesday, January 10th. TD Cowen started coverage on Arch Capital Group in a report on Wednesday, January 10th. They set an "outperform" rating and a $96.00 target price on the stock. Wells Fargo & Company boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. Finally, Evercore ISI boosted their target price on Arch Capital Group from $85.00 to $92.00 and gave the stock an "in-line" rating in a report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.46.

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.