Federated Hermes Inc. Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Federated Hermes Inc. raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 25.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,181,999 shares of the insurance provider’s stock after acquiring an additional 240,803 shares during the quarter. Federated Hermes Inc.’s holdings in Arch Capital Group were worth $109,157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in Arch Capital Group in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd lifted its position in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 414 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 8.8 %

Shares of ACGL opened at $87.83 on Friday. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock has a 50 day simple moving average of $92.23 and a two-hundred day simple moving average of $97.57. The firm has a market cap of $33.00 billion, a P/E ratio of 7.84, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the business posted $2.45 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ACGL shares. JMP Securities reiterated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, Barclays lowered their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.