MetLife Investment Management LLC Has $9.14 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

MetLife Investment Management LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,932 shares of the insurance provider’s stock after buying an additional 1,789 shares during the quarter. MetLife Investment Management LLC’s holdings in Arch Capital Group were worth $9,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after acquiring an additional 6,663 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after buying an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Arch Capital Group during the fourth quarter worth approximately $366,000. Northstar Group Inc. raised its stake in shares of Arch Capital Group by 5.1% during the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock worth $11,285,000 after buying an additional 5,947 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider’s stock valued at $57,631,000 after buying an additional 157,197 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $89.79 on Tuesday. 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 firm has a market cap of $33.74 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The stock’s 50-day moving average is $91.58 and its 200-day moving average is $95.51. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $2.45 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on ACGL shares. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Jefferies Financial Group upped their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.88.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is owned by insiders.

Arch Capital Group Company 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.