New Age Alpha Advisors LLC Has $2.94 Million Position in Arch Capital Group Ltd. $ACGL

New Age Alpha Advisors LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1,561.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,652 shares of the insurance provider’s stock after purchasing an additional 28,807 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Arch Capital Group were worth $2,940,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $34,220. This trade represents a 60.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,837 shares of company stock worth $2,766,946 in the last three months. 3.30% of the stock is currently owned by company insiders.

Arch Capital Group Stock Down 1.0%

Shares of ACGL opened at $95.37 on Wednesday. The stock has a market cap of $33.32 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 5.30 and a beta of 0.35. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a 50-day moving average price of $95.48 and a two-hundred day moving average price of $95.14.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm 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%. Equities analysts predict that Arch Capital Group Ltd. will post 9.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Mizuho decreased their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Citigroup lifted their target price on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company lifted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Morgan Stanley set a $105.00 target price on Arch Capital Group in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $106.32.

Arch Capital Group Profile

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.