Susquehanna Fundamental Investments LLC Takes $1.60 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,300 shares of the insurance provider's stock, valued at approximately $1,598,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Arch Capital Group by 3.5% in 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 acquiring an additional 6,663 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings 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 purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in Arch Capital Group during the 4th quarter valued at approximately $366,000. Northstar Group Inc. lifted its holdings in 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 buying an additional 5,947 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Arch Capital Group by 33.7% in the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock worth $57,631,000 after buying an additional 157,197 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

ACGL has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday. UBS Group cut their target price on shares of 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 decreased 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. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Wells Fargo & Company upped their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Stock Up 3.1 %

Arch Capital Group stock traded up $2.81 during trading hours on Friday, hitting $92.48. The stock had a trading volume of 1,596,403 shares, compared to its average volume of 1,728,308. The stock's 50-day moving average price is $92.06 and its 200-day moving average price is $94.42. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. 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 stock has a market capitalization of $34.75 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The business had revenue of $4.52 billion during 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 period last year, the company posted $2.45 earnings per share. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by insiders.

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.