490,135 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 490,135 shares of the insurance provider’s stock, valued at approximately $45,264,000.

Several other large investors also recently added to or reduced their stakes in ACGL. Pittenger & Anderson Inc. grew its holdings in shares of Arch Capital Group by 56.6% during the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock valued at $621,000 after buying an additional 2,430 shares in the last quarter. Asahi Life Asset Management CO. LTD. purchased a new position in Arch Capital Group during the 4th quarter valued at about $366,000. Northstar Group Inc. grew its stake in Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock valued at $11,285,000 after acquiring an additional 5,947 shares in the last quarter. William Blair Investment Management LLC increased its holdings 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 valued at $57,631,000 after purchasing an additional 157,197 shares during the period. Finally, Independent Advisor Alliance lifted its position in shares of Arch Capital Group by 98.8% in the fourth quarter. Independent Advisor Alliance now owns 6,925 shares of the insurance provider’s stock worth $640,000 after purchasing an additional 3,442 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an “overweight” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.00.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $94.62 on Wednesday. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The firm has a market cap of $35.46 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $92.60 and a 200-day moving average of $93.24.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the transaction, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer now directly owns 274,681 shares in the company, valued at $25,979,328.98. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,576 shares of company stock worth $11,586,638 over the last ninety days. Company insiders own 4.20% of the company’s stock.

Arch Capital Group 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.