Swedbank AB Acquires 16,330 Shares of Arch Capital Group Ltd. $ACGL

Swedbank AB boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,915,590 shares of the insurance provider’s stock after purchasing an additional 16,330 shares during the period. Swedbank AB’s holdings in Arch Capital Group were worth $183,743,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Cooke & Bieler LP bought a new stake in Arch Capital Group in the third quarter valued at about $210,856,000. First Trust Advisors LP increased its stake in Arch Capital Group by 409.5% in the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after acquiring an additional 2,279,147 shares during the period. Ameriprise Financial Inc. increased its stake in Arch Capital Group by 289.1% in the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after acquiring an additional 1,016,919 shares during the period. Two Sigma Investments LP increased its stake in Arch Capital Group by 112.4% in the third quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock valued at $171,953,000 after acquiring an additional 1,003,004 shares during the period. Finally, UBS Group AG increased its stake in Arch Capital Group by 56.4% in the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock valued at $248,466,000 after acquiring an additional 987,398 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In related news, Director Daniel Joseph Houston bought 5,300 shares of Arch Capital Group stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,837 shares of company stock valued at $2,766,946 over the last ninety days. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley set a $105.00 price objective on shares of Arch Capital Group in a research note on Friday, May 1st. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $106.32.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $96.30 on Friday. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The firm’s 50 day moving average is $95.40 and its 200-day moving average is $94.96. The firm has a market capitalization of $33.65 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 5.30 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The company had revenue of $4.52 billion for the quarter. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9.27 EPS for the current fiscal year.

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.