Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Raised by Carderock Capital Management Inc.

Carderock Capital Management Inc. raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 17.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 91,674 shares of the insurance provider’s stock after purchasing an additional 13,660 shares during the period. Arch Capital Group accounts for approximately 1.9% of Carderock Capital Management Inc.’s holdings, making the stock its 28th biggest holding. Carderock Capital Management Inc.’s holdings in Arch Capital Group were worth $6,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ACGL. CENTRAL TRUST Co grew its position in shares of Arch Capital Group by 57.3% during the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after buying an additional 252 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after buying an additional 299 shares during the last quarter. Steward Financial Group LLC grew its position in shares of Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after buying an additional 338 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at about $47,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $47,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.8 %

Shares of NASDAQ:ACGL opened at $92.23 on Thursday. The company has a 50 day moving average of $87.24 and a 200-day moving average of $83.09. The firm has a market cap of $34.60 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a twelve month low of $67.18 and a twelve month high of $93.12. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period in the prior year, the business posted $2.14 EPS. As a group, analysts anticipate that Arch Capital Group Ltd. will post 8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACGL. TD Cowen began coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price objective for the company. UBS Group decreased their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Citigroup decreased their target price on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Finally, StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.46.

Read Our Latest Stock Report on ACGL

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock valued at $11,872,217 over the last ninety days. Insiders own 4.20% of the company’s stock.

Arch Capital Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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