Duality Advisers LP Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Duality Advisers LP bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,907 shares of the insurance provider's stock, valued at approximately $6,677,000. Arch Capital Group makes up approximately 0.7% of Duality Advisers LP's investment portfolio, making the stock its 2nd biggest position.

A number of other large investors have also added to or reduced their stakes in ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth about $27,000. CENTRAL TRUST Co grew its stake in shares of 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 acquiring an additional 252 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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 acquiring an additional 299 shares during the last quarter. Steward Financial Group LLC grew its stake in shares of 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 acquiring an additional 338 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in Arch Capital Group in the fourth quarter valued at approximately $47,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL stock traded up $1.54 during trading hours on Friday, hitting $92.93. 1,527,630 shares of the company's stock were exchanged, compared to its average volume of 1,682,517. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.86 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.16 and a beta of 0.57. The firm has a 50 day moving average of $89.55 and a two-hundred day moving average of $84.05. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. The business 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. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ACGL shares. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Evercore ISI upped their target price on Arch Capital Group from $92.00 to $100.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. Morgan Stanley upped their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. Finally, TD Cowen started coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 price target for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.23.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares of the company's stock, valued at approximately $57,057,001.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Arch Capital Group 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 value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company's 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 completion of the sale, the insider now owns 651,931 shares of the company's stock, valued at $57,057,001.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.20% of the stock is owned by 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.

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