Russell Investments Group Ltd. Purchases 73,762 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Russell Investments Group Ltd. increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 35.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 281,849 shares of the insurance provider’s stock after acquiring an additional 73,762 shares during the period. Russell Investments Group Ltd.’s holdings in Arch Capital Group were worth $20,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new position in Arch Capital Group in the 4th quarter worth approximately $27,000. Larson Financial Group LLC purchased a new stake in Arch Capital Group during the 4th quarter valued at $30,000. CVA Family Office LLC purchased a new stake in Arch Capital Group during the 4th quarter valued at $47,000. Covestor Ltd boosted its position in Arch Capital Group by 342.9% during the 3rd quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after buying an additional 696 shares during the period. Finally, Operose Advisors LLC purchased a new stake in Arch Capital Group during the 3rd quarter valued at $75,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.7 %

Shares of Arch Capital Group stock opened at $95.17 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57. The company has a 50-day moving average of $90.82 and a 200 day moving average of $84.63. The firm has a market cap of $35.70 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $96.58.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. Arch Capital Group’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business earned $1.73 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on ACGL. Evercore ISI increased their price target on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research report on Tuesday. Roth Mkm reissued a “buy” rating and set a $110.00 price target on shares of Arch Capital Group in a research report on Tuesday. StockNews.com raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup dropped their price target 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, JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

Get Our Latest Stock Report on ACGL

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 25,689 shares of the stock in a transaction dated 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 approximately $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,689 shares of company stock valued at $11,872,217. 4.20% of the stock is owned by insiders.

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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