Wedge Capital Management L L P NC Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wedge Capital Management L L P NC raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,698 shares of the insurance provider's stock after acquiring an additional 46,089 shares during the period. Wedge Capital Management L L P NC owned about 0.06% of Arch Capital Group worth $15,277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in shares of Arch Capital Group by 6.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider's stock worth $16,756,000 after purchasing an additional 11,594 shares during the last quarter. SG Americas Securities LLC raised its stake in Arch Capital Group by 601.1% in the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider's stock valued at $10,500,000 after acquiring an additional 121,206 shares during the period. Treasurer of the State of North Carolina raised its stake in Arch Capital Group by 0.7% in the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider's stock valued at $16,672,000 after acquiring an additional 1,504 shares during the period. Millington Financial Advisors LLC bought a new position in Arch Capital Group during the third quarter worth about $1,030,000. Finally, Asset Management One Co. Ltd. boosted its position in Arch Capital Group by 31.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider's stock worth $14,945,000 after purchasing an additional 48,587 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of the business'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 directly owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Maamoun Rajeh sold 50,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 336,170 shares of the company's stock, valued at $29,408,151.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 over the last 90 days. Company insiders own 4.00% of the company's stock.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Monday, March 11th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. TD Cowen started coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 target price on the stock. Morgan Stanley lifted their price target 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, Evercore ISI raised their target price on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an "in-line" rating in a research note on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $96.23.

Arch Capital Group Stock Down 0.1 %

NASDAQ ACGL traded down $0.07 during mid-day trading on Tuesday, reaching $93.78. The stock had a trading volume of 1,459,369 shares, compared to its average volume of 1,710,868. The stock has a market cap of $35.18 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The company has a fifty day moving average price of $89.96 and a 200 day moving average price of $84.22.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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 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 last year, the company earned $2.14 EPS. On average, research analysts expect that Arch Capital Group Ltd. will post 8.03 earnings per share for the current 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.