Greenleaf Trust raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 34,131 shares of the insurance provider’s stock after purchasing an additional 2,198 shares during the period. Greenleaf Trust’s holdings in Arch Capital Group were worth $3,098,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ACGL. Toronto Dominion Bank boosted its stake in shares of Arch Capital Group by 18.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after buying an additional 253 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Arch Capital Group in the 4th quarter worth approximately $203,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Arch Capital Group in the 2nd quarter worth approximately $229,000. Dai Ichi Life Insurance Company Ltd purchased a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $242,000. Finally, IFM Investors Pty Ltd purchased a new position in Arch Capital Group in the third quarter valued at approximately $260,000. Institutional investors and hedge funds own 79.17% of the company’s stock.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $90.04 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group Ltd. has a 1-year low of $85.35 and a 1-year high of $102.60. The stock has a market cap of $11,946.13, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. Arch Capital Group had a net margin of 11.21% and a return on equity of 5.95%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. equities research analysts forecast that Arch Capital Group Ltd. will post 6.22 earnings per share for the current fiscal year.

In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total transaction of $539,225.47. Following the sale, the insider now owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

ACGL has been the topic of several research analyst reports. UBS Group reiterated a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $113.00 price objective on shares of Arch Capital Group in a research note on Friday, October 27th. Wells Fargo & Co set a $100.00 price objective on Arch Capital Group and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $101.00 price objective on shares of Arch Capital Group in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $100.40.

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Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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