Parkwood LLC Purchases New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Parkwood LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 95,333 shares of the insurance provider's stock, valued at approximately $8,804,000.

Other institutional investors also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV raised its stake in shares of Arch Capital Group by 0.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 45,114 shares of the insurance provider's stock worth $4,166,000 after purchasing an additional 416 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Arch Capital Group during the 4th quarter worth $1,141,000. Nuveen Asset Management LLC lifted its stake in shares of Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after acquiring an additional 93,226 shares during the period. Millennium Management LLC boosted its holdings in shares of Arch Capital Group by 111.5% in the fourth quarter. Millennium Management LLC now owns 820,923 shares of the insurance provider's stock valued at $75,812,000 after acquiring an additional 432,857 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Arch Capital Group by 8.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 113,532 shares of the insurance provider's stock worth $10,485,000 after acquiring an additional 9,229 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.53, for a total value of $1,573,924.50. Following the sale, the insider now directly owns 140,023 shares in the company, valued at $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,886 shares of company stock valued at $3,335,702. Corporate insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Barclays cut their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Royal Bank of Canada cut their price target 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, Wells Fargo & Company boosted their price objective 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $115.00.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.42 on Wednesday. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The stock has a market cap of $35.10 billion, a P/E ratio of 8.34, a PEG ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $92.32 and a two-hundred day moving average of $93.75.

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

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