Korea Investment CORP Has $18.45 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Korea Investment CORP increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,747 shares of the insurance provider’s stock after buying an additional 55,100 shares during the period. Korea Investment CORP owned 0.05% of Arch Capital Group worth $18,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group during the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group during the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd raised its stake 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 valued at $43,000 after buying an additional 260 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Arch Capital Group by 97.0% in the fourth 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 during the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

ACGL opened at $95.06 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The firm has a market cap of $35.68 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The business’s fifty day moving average is $92.16 and its 200-day moving average is $98.18.

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 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 quarter in the prior year, the business earned $2.45 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. 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 on the stock in a report on Wednesday, February 12th. Wells Fargo & Company reduced their target price 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 decreased their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.19.

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.