Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,010,756 shares of the insurance provider’s stock after purchasing an additional 180,493 shares during the period. Geode Capital Management LLC owned approximately 2.93% of Arch Capital Group worth $1,014,648,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its stake in Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after purchasing an additional 110 shares during the period. HBK Sorce Advisory LLC boosted its position in shares of Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after buying an additional 127 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after buying an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC raised its position in Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after buying an additional 132 shares during the period. Finally, Dynasty Wealth Management LLC boosted its position in Arch Capital Group by 2.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock worth $656,000 after acquiring an additional 140 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ACGL shares. Morgan Stanley dropped 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. UBS Group dropped their price objective 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. Barclays decreased their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada reduced their price objective on 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Trading Up 0.7 %

NASDAQ:ACGL opened at $96.82 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $92.27 and its 200-day moving average is $97.88. The firm has a market cap of $36.38 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $2.45 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.