Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,045 shares of the insurance provider’s stock after purchasing an additional 6,946 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Arch Capital Group were worth $4,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC acquired a new position in shares of Arch Capital Group during the third quarter valued at approximately $698,000. IFP Advisors Inc raised its stake in Arch Capital Group by 14.6% in the 3rd quarter. IFP Advisors Inc now owns 1,551 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 198 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Arch Capital Group by 5.6% in the 3rd quarter. Global Retirement Partners LLC now owns 3,746 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 197 shares in the last quarter. HB Wealth Management LLC acquired a new stake in Arch Capital Group during the 3rd quarter worth $456,000. Finally, Leavell Investment Management Inc. purchased a new stake in shares of Arch Capital Group during the third quarter worth $279,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACGL. JMP Securities restated a “market outperform” rating and set a $100.00 price target on shares of Arch Capital Group in a research report on Monday, April 15th. Morgan Stanley raised their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. Evercore ISI lifted their price objective on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $96.23.

Arch Capital Group Trading Up 1.0 %

NASDAQ ACGL opened at $93.85 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $35.21 billion, a P/E ratio of 8.08, a PEG ratio of 1.16 and a beta of 0.57. The firm’s 50-day moving average is $89.77 and its two-hundred day moving average is $84.14. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion for 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. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

Insider Activity

In related news, CFO Francois Morin sold 25,689 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s 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 sale, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Francois Morin sold 25,689 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.00% of the stock is currently owned by corporate insiders.

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.