Handelsbanken Fonder AB Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Handelsbanken Fonder AB grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 87,184 shares of the insurance provider’s stock after acquiring an additional 16,849 shares during the period. Handelsbanken Fonder AB’s holdings in Arch Capital Group were worth $6,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth approximately $698,000. IFP Advisors Inc increased its position in Arch Capital Group by 14.6% during the 3rd quarter. IFP Advisors Inc now owns 1,551 shares of the insurance provider’s stock valued at $124,000 after buying an additional 198 shares in the last quarter. Private Trust Co. NA increased its position in Arch Capital Group by 37.2% during the 3rd quarter. Private Trust Co. NA now owns 1,074 shares of the insurance provider’s stock valued at $86,000 after buying an additional 291 shares in the last quarter. Caprock Group LLC increased its position in Arch Capital Group by 22.9% during the 3rd quarter. Caprock Group LLC now owns 3,506 shares of the insurance provider’s stock valued at $279,000 after buying an additional 653 shares in the last quarter. Finally, Czech National Bank increased its position in Arch Capital Group by 47.8% during the 3rd quarter. Czech National Bank now owns 65,176 shares of the insurance provider’s stock valued at $5,195,000 after buying an additional 21,089 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group reduced their price objective on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Wells Fargo & Company raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI raised their price objective on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Finally, TD Cowen initiated coverage on Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.23.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.05 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group Ltd. has a one year low of $69.05 and a one year high of $95.01. The firm has a market capitalization of $34.91 billion, a P/E ratio of 8.01, a PEG ratio of 1.16 and a beta of 0.57. The business has a fifty day moving average of $90.24 and a 200 day moving average of $84.34.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 over the last 90 days. Company insiders own 4.20% of the company’s stock.

About Arch Capital Group

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.