American Century Companies Inc. Has $39.62 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

American Century Companies Inc. raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 429,014 shares of the insurance provider’s stock after buying an additional 57,784 shares during the period. American Century Companies Inc. owned 0.11% of Arch Capital Group worth $39,619,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Arch Capital Group by 3.5% during 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 purchasing an additional 6,663 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after buying an additional 5,614 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Arch Capital Group by 56.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock valued at $621,000 after buying an additional 2,430 shares during the period. Northstar Group Inc. raised its position 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 acquiring an additional 5,947 shares during the last quarter. Finally, Asahi Life Asset Management CO. LTD. acquired a new position in shares of Arch Capital Group during the fourth quarter valued at $366,000. 89.07% of the stock is owned by institutional investors.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $96.94 on Friday. The company has a market capitalization of $36.39 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a twelve month low of $87.42 and a twelve month high of $116.47. The stock has a fifty day simple moving average of $92.16 and a 200 day simple moving average of $98.38.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the company posted $2.45 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACGL. UBS Group cut their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley dropped 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 report on Friday, February 14th. JMP Securities restated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Finally, Barclays dropped their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group 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.