Fiduciary Management Inc. WI Acquires Shares of 1,112,203 Arch Capital Group Ltd. $ACGL

Fiduciary Management Inc. WI acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,112,203 shares of the insurance provider’s stock, valued at approximately $106,683,000.

A number of other hedge funds also recently bought and sold shares of ACGL. Elyxium Wealth LLC purchased a new stake in Arch Capital Group during the fourth quarter valued at about $27,000. WealthCollab LLC lifted its stake in Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Arch Capital Group during the third quarter valued at about $28,000. Grove Bank & Trust purchased a new stake in Arch Capital Group during the fourth quarter valued at about $30,000. Finally, Aventura Private Wealth LLC purchased a new stake in Arch Capital Group during the fourth quarter valued at about $30,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ACGL shares. Royal Bank Of Canada increased their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a research report on Friday, May 1st. UBS Group reissued a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $106.32.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $91.19 on Friday. The firm has a market capitalization of $31.86 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 5.01 and a beta of 0.32. The company has a 50 day simple moving average of $94.86 and a 200-day simple moving average of $95.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week 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. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Equities research analysts predict that Arch Capital Group Ltd. will post 9.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares in the company, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider directly owned 336,559 shares in the company, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,837 shares of company stock worth $2,825,926 in the last ninety days. Insiders own 3.30% of the company’s stock.

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.