Clark Capital Management Group Inc. Has $72.90 Million Position in Arch Capital Group Ltd. $ACGL

Clark Capital Management Group Inc. increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 56.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 759,957 shares of the insurance provider’s stock after purchasing an additional 274,835 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Arch Capital Group were worth $72,895,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ACGL. Geneos Wealth Management Inc. boosted its holdings in shares of Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth approximately $253,000. CW Advisors LLC boosted its holdings in shares of Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 189 shares during the period. Jump Financial LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth approximately $667,000. Finally, Cerity Partners LLC boosted its holdings in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after purchasing an additional 4,933 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Joseph Houston purchased 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Mizuho cut their price objective on shares of 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. UBS Group reaffirmed a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Citigroup raised their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.81.

Arch Capital Group Price Performance

Shares of ACGL opened at $92.58 on Wednesday. The firm has a market cap of $32.35 billion, a PE ratio of 7.11, a PEG ratio of 4.58 and a beta of 0.32. The firm’s 50 day moving average price is $94.26 and its 200 day moving average price is $95.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm 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.

Arch Capital Group Company 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.