Nuveen Asset Management LLC Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Nuveen Asset Management LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,888,997 shares of the insurance provider's stock after buying an additional 93,226 shares during the quarter. Nuveen Asset Management LLC owned 1.30% of Arch Capital Group worth $451,499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Arch Capital Group by 3.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock worth $18,203,000 after purchasing an additional 6,663 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after acquiring an additional 2,430 shares in the last quarter. Asahi Life Asset Management CO. LTD. purchased a new position in Arch Capital Group during the 4th quarter worth $366,000. Northstar Group Inc. grew its stake in shares of Arch Capital Group by 5.1% in the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock worth $11,285,000 after acquiring an additional 5,947 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after purchasing an additional 157,197 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider now owns 579,218 shares of the company's stock, valued at $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider now owns 140,023 shares in the company, valued at $13,236,374.19. The trade was a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,946 shares of company stock valued at $10,392,092 in the last quarter. Corporate insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Royal Bank of Canada reduced their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. Morgan Stanley raised their target price on Arch Capital Group from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded up $0.52 during trading on Monday, hitting $95.11. The stock had a trading volume of 961,944 shares, compared to its average volume of 1,731,698. The firm has a market cap of $35.64 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The business's 50-day moving average is $92.47 and its 200 day moving average is $93.46. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business's revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 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.