Jump Financial LLC Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Jump Financial LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 128,534 shares of the insurance provider's stock, valued at approximately $9,546,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Arch Capital Group by 2.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider's stock valued at $405,000 after acquiring an additional 144 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider's stock valued at $183,000 after purchasing an additional 146 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Arch Capital Group by 15.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider's stock worth $88,000 after purchasing an additional 146 shares during the period. Chase Investment Counsel Corp increased its position in shares of Arch Capital Group by 0.4% during the 4th quarter. Chase Investment Counsel Corp now owns 39,656 shares of the insurance provider's stock valued at $2,945,000 after purchasing an additional 148 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in Arch Capital Group by 2.2% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider's stock valued at $519,000 after buying an additional 149 shares during the period. 89.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on ACGL shares. Roth Mkm reiterated a "buy" rating and set a $110.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Evercore ISI raised their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 30th. Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. JMP Securities increased their price target on Arch Capital Group from $100.00 to $110.00 and gave the stock a "market outperform" rating in a report on Tuesday, April 30th. Finally, Morgan Stanley boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.67.

Arch Capital Group Stock Up 0.4 %

Shares of NASDAQ:ACGL traded up $0.42 during trading hours on Friday, hitting $100.05. The company's stock had a trading volume of 1,420,422 shares, compared to its average volume of 1,603,577. 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 firm's fifty day moving average price is $92.28 and its 200 day moving average price is $85.30. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $100.86. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 1.19 and a beta of 0.57.

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

Insider Buying and Selling at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares of the company's stock, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the firm's 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 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 available at this link. Also, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares of the company's stock, valued at $22,037,302.40. The disclosure for this sale can be found here. Insiders have sold 145,689 shares of company stock worth $12,838,617 over the last quarter. Insiders own 4.20% of the company's stock.

Arch Capital Group 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.