Arrowstreet Capital Limited Partnership Has $121.68 Million Stock Position in Arch Capital Group Ltd. $ACGL

Arrowstreet Capital Limited Partnership lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 572.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,268,601 shares of the insurance provider’s stock after purchasing an additional 1,080,049 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Arch Capital Group were worth $121,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter worth approximately $27,000. WealthCollab LLC increased its position in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC bought a new position in Arch Capital Group in the 3rd quarter worth approximately $28,000. Aventura Private Wealth LLC bought a new position in Arch Capital Group in the 4th quarter worth approximately $30,000. Finally, Grove Bank & Trust bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $30,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $91.50 on Tuesday. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The stock’s fifty day moving average price is $94.35 and its two-hundred day moving average price is $95.01. 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 firm has a market cap of $31.97 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 4.58 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion for the quarter. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group reiterated a “buy” rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Mizuho lowered their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Barclays increased their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.81.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares in the company, valued at $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company 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.