Arch Capital Group Ltd. $ACGL Position Boosted by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,944,169 shares of the insurance provider’s stock after buying an additional 121,090 shares during the quarter. Legal & General Group Plc’s holdings in Arch Capital Group were worth $282,405,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. WCM Investment Management LLC lifted its position in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after purchasing an additional 171,693 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Arch Capital Group by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after purchasing an additional 360,626 shares during the last quarter. First Trust Advisors LP lifted its position in shares of 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 worth $257,278,000 after purchasing an additional 2,279,147 shares during the last quarter. UBS Group AG lifted its position in shares of Arch Capital Group by 56.4% during the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after purchasing an additional 987,398 shares during the last quarter. Finally, Marshfield Associates lifted its position in shares of Arch Capital Group by 5.5% during the third quarter. Marshfield Associates now owns 2,724,635 shares of the insurance provider’s stock worth $247,206,000 after purchasing an additional 141,223 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total value of $569,257.59. Following the sale, the insider owned 336,559 shares in the company, valued at approximately $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the sale, the director owned 2,000 shares in the company, valued at $34,220. The trade was a 60.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,837 shares of company stock worth $2,766,946. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ACGL. Mizuho reduced their price target on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Royal Bank Of Canada increased their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Barclays increased their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Citigroup increased their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.32.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $95.37 on Wednesday. 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 firm’s 50-day moving average price is $95.48 and its two-hundred day moving average price is $95.14. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The stock has a market capitalization of $33.32 billion, a P/E ratio of 7.32, a P/E/G ratio of 5.30 and a beta of 0.35.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion for the quarter. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 9.27 earnings per share for the current year.

Arch Capital Group Company Profile

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.