Chesapeake Capital Corp IL Acquires New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Chesapeake Capital Corp IL acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,799 shares of the insurance provider’s stock, valued at approximately $802,000.

Other institutional investors also recently bought and sold shares of the company. Millington Financial Advisors LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $1,030,000. Private Advisor Group LLC increased its position in Arch Capital Group by 6.3% during the third quarter. Private Advisor Group LLC now owns 7,700 shares of the insurance provider’s stock worth $614,000 after buying an additional 454 shares in the last quarter. MGO One Seven LLC acquired a new position in shares of Arch Capital Group in the third quarter worth $264,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Arch Capital Group by 4.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 99,512 shares of the insurance provider’s stock valued at $7,932,000 after acquiring an additional 4,512 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Arch Capital Group by 6.8% during the third quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after acquiring an additional 146 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 1.4 %

Shares of NASDAQ:ACGL traded up $1.43 during trading on Friday, reaching $103.36. 1,296,861 shares of the stock were exchanged, compared to its average volume of 1,633,362. The firm’s 50-day moving average price is $94.47 and its 200 day moving average price is $86.39. The firm has a market cap of $38.81 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.57. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $103.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data 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 the consensus estimate 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 revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the subject of several analyst reports. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Saturday. JMP Securities upped their price objective on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Bank of America boosted their price target on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.67.

Insider Buying and Selling at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 145,689 shares of company stock valued at $12,838,617 over the last three months. 4.20% of the stock is owned by company insiders.

Arch Capital Group 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.