Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Lincoln National Corp

Lincoln National Corp grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 53.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,180 shares of the insurance provider’s stock after purchasing an additional 2,154 shares during the period. Lincoln National Corp’s holdings in Arch Capital Group were worth $459,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its stake in Arch Capital Group by 2.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after buying an additional 144 shares in the last quarter. Signaturefd LLC lifted its position in shares of Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after acquiring an additional 146 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Arch Capital Group by 15.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 146 shares during the period. Chase Investment Counsel Corp grew its position in Arch Capital Group by 0.4% during the 4th quarter. Chase Investment Counsel Corp now owns 39,656 shares of the insurance provider’s stock worth $2,945,000 after purchasing an additional 148 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its stake in Arch Capital Group by 2.2% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock valued at $519,000 after purchasing an additional 149 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Gansberg sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. Insiders sold 145,689 shares of company stock valued at $12,838,617 over the last 90 days. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Up 0.4 %

ACGL stock opened at $100.05 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $37.53 billion, a PE ratio of 7.90, a PEG ratio of 1.19 and a beta of 0.57. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $100.86. The company has a fifty day simple moving average of $92.28 and a 200 day simple moving average of $85.29.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The company 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 business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on ACGL shares. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Roth Mkm reissued a “buy” rating and issued a $110.00 price target on shares of Arch Capital Group in a research report on Tuesday, April 30th. Bank of America raised their price target on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $100.67.

View Our Latest Report on ACGL

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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