Natixis increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,738 shares of the insurance provider's stock after acquiring an additional 24,383 shares during the period. Natixis' holdings in Arch Capital Group were worth $8,195,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Arch Capital Group during the fourth quarter worth approximately $437,291,000. Madison Investment Advisors LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $410,010,000. First Trust Advisors LP lifted its position in shares of Arch Capital Group by 663.3% during the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after buying an additional 2,139,782 shares in the last quarter. Marshall Wace LLP acquired a new stake in Arch Capital Group in the 4th quarter valued at $151,342,000. Finally, Swedbank AB increased its holdings in Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after acquiring an additional 919,793 shares in 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, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.20% of the company's stock.
Analyst Upgrades and Downgrades
ACGL has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. JMP Securities reissued a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. UBS Group lowered their price target on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada dropped their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Jefferies Financial Group lifted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average target price of $114.88.
Check Out Our Latest Stock Report on Arch Capital Group
Arch Capital Group Trading Down 1.5 %
NASDAQ ACGL traded down $1.42 during trading on Friday, hitting $90.68. The stock had a trading volume of 1,304,307 shares, compared to its average volume of 1,739,666. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $34.07 billion, a PE ratio of 8.10, a PEG ratio of 2.31 and a beta of 0.36. The firm has a 50 day moving average price of $91.85 and a 200 day moving average price of $95.23. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the business earned $2.45 earnings per share. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.
Arch Capital Group Company Profile
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Free Report)
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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