AMF Tjanstepension AB Grows Stock Holdings in Arch Capital Group Ltd. $ACGL

AMF Tjanstepension AB grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 119.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,035 shares of the insurance provider’s stock after purchasing an additional 23,424 shares during the period. AMF Tjanstepension AB’s holdings in Arch Capital Group were worth $4,128,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. WCM Investment Management LLC raised its holdings in Arch Capital Group by 1.3% in the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Arch Capital Group by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares during the last quarter. First Trust Advisors LP raised its holdings in Arch Capital Group by 409.5% in the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after acquiring an additional 2,279,147 shares during the last quarter. UBS Group AG raised its holdings in Arch Capital Group by 56.4% in the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after acquiring an additional 987,398 shares during the last quarter. Finally, Marshfield Associates raised its holdings in Arch Capital Group by 5.5% in the 3rd quarter. Marshfield Associates now owns 2,724,635 shares of the insurance provider’s stock worth $247,206,000 after acquiring an additional 141,223 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ACGL shares. Morgan Stanley set a $105.00 target price on shares of Arch Capital Group in a research report on Friday, May 1st. UBS Group reaffirmed a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Citigroup lifted their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Finally, Mizuho cut their target price on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.32.

Arch Capital Group Trading Up 2.0%

Shares of ACGL stock opened at $95.87 on Tuesday. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The firm has a fifty day moving average price of $95.36 and a 200-day moving average price of $94.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $33.50 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 5.16 and a beta of 0.35.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, equities analysts predict that Arch Capital Group Ltd. will post 9.29 earnings per share for the current year.

Insider Activity at Arch Capital Group

In related news, Director Daniel Joseph Houston purchased 5,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,837 shares of company stock worth $2,766,946. Corporate insiders own 3.30% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.