Sit Investment Associates Inc. Purchases 175 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Sit Investment Associates Inc. boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,290 shares of the insurance provider’s stock after purchasing an additional 175 shares during the quarter. Sit Investment Associates Inc.’s holdings in Arch Capital Group were worth $119,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group during the 4th quarter worth $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter worth $42,000. Y.D. More Investments Ltd lifted its position in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 260 shares in the last quarter. UMB Bank n.a. grew its holdings in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the period. Finally, Larson Financial Group LLC increased its position in Arch Capital Group by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock worth $84,000 after buying an additional 291 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, 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 link. 4.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays cut their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. UBS Group reduced their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Morgan Stanley cut their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Down 3.2 %

Shares of ACGL opened at $84.99 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock has a market capitalization of $31.93 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The business’s 50 day simple moving average is $92.00 and its 200-day simple moving average is $97.27.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $2.45 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share 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.