Dimensional Fund Advisors LP Purchases 245,966 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Dimensional Fund Advisors LP grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,518,822 shares of the insurance provider's stock after buying an additional 245,966 shares during the quarter. Dimensional Fund Advisors LP owned 0.94% of Arch Capital Group worth $261,339,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in Arch Capital Group by 112.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider's stock valued at $208,905,000 after purchasing an additional 1,387,072 shares during the period. Hsbc Holdings PLC lifted its holdings in Arch Capital Group by 597.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider's stock worth $113,516,000 after buying an additional 1,216,498 shares in the last quarter. Invesco Ltd. boosted its position in Arch Capital Group by 16.3% in the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider's stock valued at $269,871,000 after buying an additional 475,464 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth about $295,440,000. Finally, Northern Trust Corp boosted its holdings in Arch Capital Group by 9.2% in the third quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider's stock valued at $370,889,000 after purchasing an additional 390,362 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent research reports. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 9th. Roth Mkm reaffirmed a "buy" rating and set a $110.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. Finally, JMP Securities upped their price objective on Arch Capital Group from $100.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Insider Activity at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 228,035 shares of the company's stock, valued at approximately $22,037,302.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the firm's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares in the company, valued at $22,037,302.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the chief financial officer now 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 a total of 145,689 shares of company stock valued at $12,838,617 over the last ninety days. Insiders own 4.00% of the company's stock.

Arch Capital Group Price Performance

Arch Capital Group stock traded down $0.01 during trading hours on Tuesday, hitting $97.90. 1,133,471 shares of the company traded hands, compared to its average volume of 1,695,209. The firm's 50-day simple moving average is $92.71 and its two-hundred day simple moving average is $85.53. The firm has a market cap of $36.76 billion, a P/E ratio of 7.73, a P/E/G ratio of 1.19 and a beta of 0.57. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $100.86. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced 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. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the company earned $1.73 earnings per share. The firm's quarterly revenue was up 19.3% compared to the same quarter last year. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.43 earnings per share for the current fiscal year.

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.