Marshall Wace LLP Buys Shares of 1,638,790 Arch Capital Group Ltd. (NASDAQ:ACGL)

Marshall Wace LLP purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, Holdings Channel reports. The firm purchased 1,638,790 shares of the insurance provider’s stock, valued at approximately $151,342,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group during the 4th quarter valued at $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd lifted its holdings in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares during the period. UMB Bank n.a. grew its position in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after buying an additional 414 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Arch Capital Group by 47.0% during the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock valued at $84,000 after buying an additional 291 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Stock Down 0.4 %

Arch Capital Group stock opened at $92.46 on Wednesday. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market cap of $34.74 billion, a PE ratio of 8.26, a P/E/G ratio of 2.31 and a beta of 0.36. The firm’s 50 day moving average price is $91.49 and its two-hundred day moving average price is $96.23.

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, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter last year, the business earned $2.45 earnings per share. On average, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. UBS Group lowered their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley cut their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, Jefferies Financial Group lifted their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.88.

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.