Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1,090.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,492 shares of the insurance provider's stock after buying an additional 58,158 shares during the period. Axxcess Wealth Management LLC's holdings in Arch Capital Group were worth $4,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. DekaBank Deutsche Girozentrale grew its stake in Arch Capital Group by 6.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider's stock valued at $16,756,000 after acquiring an additional 11,594 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Arch Capital Group by 601.1% in the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider's stock worth $10,500,000 after buying an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Arch Capital Group by 0.7% during the third 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 buying an additional 1,504 shares during the period. Millington Financial Advisors LLC purchased a new position in Arch Capital Group during the third quarter worth about $1,030,000. Finally, Wedge Capital Management L L P NC increased its stake in Arch Capital Group by 28.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider's stock worth $15,277,000 after acquiring an additional 46,089 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction 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 approximately $29,408,151.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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 Trading Down 0.8 %

Arch Capital Group stock traded down $0.76 during trading hours on Friday, reaching $94.41. The company had a trading volume of 1,696,539 shares, compared to its average volume of 1,731,061. The firm has a market cap of $35.42 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.13 and a beta of 0.57. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $96.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57. The company has a 50-day moving average price of $91.15 and a 200 day moving average price of $84.77.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 earnings per share. Equities analysts forecast that Arch Capital Group Ltd. will post 8.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ACGL shares. Roth Mkm reissued a "buy" rating and set a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday. StockNews.com upgraded shares of Arch Capital Group from a "hold" rating to a "buy" rating in a research report on Wednesday. JMP Securities upped their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Tuesday. Finally, Morgan Stanley increased their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $100.67.

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.