Savant Capital LLC Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Savant Capital LLC purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 13,385 shares of the insurance provider’s stock, valued at approximately $994,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Arch Capital Group in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new position in Arch Capital Group in the 4th quarter valued at $30,000. CVA Family Office LLC purchased a new position in Arch Capital Group during the 4th quarter worth $47,000. Covestor Ltd lifted its stake in shares of Arch Capital Group by 342.9% in the 3rd quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 696 shares during the period. Finally, Operose Advisors LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at about $75,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $94.41 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $96.58. The company has a market capitalization of $35.42 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 1.13 and a beta of 0.57. The stock has a fifty day moving average of $91.01 and a two-hundred day moving average of $84.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen initiated coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price objective for the company. Evercore ISI lifted their price target on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research note on Tuesday. Citigroup cut their price objective on 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $100.67.

Insider Activity

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. 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 90 days. Insiders own 4.20% of the company’s stock.

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.