Northern Trust Corp Purchases 495,262 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Northern Trust Corp boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,860,804 shares of the insurance provider’s stock after buying an additional 495,262 shares during the period. Northern Trust Corp’s holdings in Arch Capital Group were worth $448,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Arch Capital Group during the 4th quarter valued at about $58,000. Aquatic Capital Management LLC purchased a new stake in Arch Capital Group during the 4th quarter valued at about $2,896,000. Susquehanna Fundamental Investments LLC purchased a new position in Arch Capital Group during the fourth quarter worth approximately $1,598,000. Virtus ETF Advisers LLC boosted its position in shares of Arch Capital Group by 19.2% during the 4th quarter. Virtus ETF Advisers LLC now owns 10,893 shares of the insurance provider’s stock valued at $1,006,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $1,184,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Stock Up 1.3 %

Shares of ACGL opened at $92.39 on Wednesday. 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 company has a market cap of $34.71 billion, a P/E ratio of 8.25, a P/E/G ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The firm has a 50 day simple moving average of $91.96 and a two-hundred day simple moving average of $94.80.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the business earned $2.45 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. 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 note on Friday, February 14th. 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 research report on Wednesday, February 12th. Jefferies Financial Group boosted their price objective 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. Barclays dropped their price objective on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Finally, UBS Group decreased their price objective on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $114.88.

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.