Fieldview Capital Management LLC Acquires New Stake in Arch Capital Group Ltd. $ACGL

Fieldview Capital Management LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,691 shares of the insurance provider’s stock, valued at approximately $2,177,000.

Several other hedge funds have also bought and sold shares of ACGL. Norges Bank bought a new stake in Arch Capital Group during the fourth quarter valued at about $463,208,000. First Trust Advisors LP grew its holdings in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares during the period. Fiduciary Management Inc. WI bought a new stake in Arch Capital Group during the fourth quarter valued at about $106,683,000. Arrowstreet Capital Limited Partnership grew its holdings in Arch Capital Group by 572.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock valued at $121,684,000 after purchasing an additional 1,080,049 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Arch Capital Group by 289.1% during the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after purchasing an additional 1,016,919 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent research reports. Morgan Stanley set a $105.00 price target on Arch Capital Group in a report on Friday, May 1st. Citigroup boosted their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company boosted their price target on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.81.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $91.66 on Friday. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 4.58 and a beta of 0.32. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $94.45 and a 200-day moving average price of $95.01. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.