Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,204 shares of the insurance provider's stock after buying an additional 5,224 shares during the period. Rafferty Asset Management LLC's holdings in Arch Capital Group were worth $12,209,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $42,000. Y.D. More Investments Ltd increased its holdings in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares during the last quarter. Quarry LP bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. boosted its stake in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Down 1.0%

Shares of ACGL traded down $0.97 during mid-day trading on Tuesday, hitting $94.19. The company's stock had a trading volume of 1,460,593 shares, compared to its average volume of 1,731,945. The company's 50-day moving average is $92.59 and its 200-day moving average is $93.45. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The firm has a market capitalization of $35.30 billion, a price-to-earnings ratio of 8.41, 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the previous year, the company posted $2.45 EPS. Arch Capital Group's revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 12,630 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer now owns 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the insider now directly owns 140,023 shares of the company's stock, valued at $13,236,374.19. The trade was a 10.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,576 shares of company stock valued at $11,586,638 over the last 90 days. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Royal Bank of Canada dropped 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 research note on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley lifted their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $115.00.

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.