Jones Financial Companies Lllp Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Jones Financial Companies Lllp increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 105.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,953 shares of the insurance provider’s stock after purchasing an additional 1,004 shares during the quarter. Jones Financial Companies Lllp’s holdings in Arch Capital Group were worth $180,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after purchasing an additional 110 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 132 shares in the last quarter. Dynasty Wealth Management LLC raised its position in shares of Arch Capital Group by 2.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock worth $656,000 after acquiring an additional 140 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Arch Capital Group by 14.1% during the fourth quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 2.4 %

ACGL stock opened at $92.57 on Friday. The company has a fifty day moving average price of $91.83 and a 200 day moving average price of $99.51. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. The company has a market cap of $34.75 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the company posted $2.45 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ACGL. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Morgan Stanley lowered their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Barclays lowered their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Bank of America lowered their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by insiders.

Arch Capital Group Company 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.