Arch Capital Group Ltd. $ACGL Shares Purchased by Barclays PLC

Barclays PLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,498,663 shares of the insurance provider’s stock after buying an additional 191,026 shares during the period. Barclays PLC’s holdings in Arch Capital Group were worth $135,974,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Pitcairn Co. purchased a new stake in shares of Arch Capital Group during the third quarter worth about $235,000. Cresset Asset Management LLC boosted its holdings in Arch Capital Group by 6.0% in the third quarter. Cresset Asset Management LLC now owns 11,487 shares of the insurance provider’s stock valued at $1,042,000 after purchasing an additional 649 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in Arch Capital Group by 8.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 76,131 shares of the insurance provider’s stock valued at $6,907,000 after purchasing an additional 5,787 shares in the last quarter. South Dakota Investment Council increased its holdings in Arch Capital Group by 12.8% during the 3rd quarter. South Dakota Investment Council now owns 230,571 shares of the insurance provider’s stock worth $20,920,000 after purchasing an additional 26,104 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its position in shares of Arch Capital Group by 24.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,298,245 shares of the insurance provider’s stock valued at $117,790,000 after purchasing an additional 252,983 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 0.1%

ACGL stock opened at $97.21 on Friday. The firm has a market cap of $34.59 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 3.91 and a beta of 0.40. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The firm has a fifty day moving average price of $96.30 and a two-hundred day moving average price of $92.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the business posted $2.26 EPS. Research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ACGL shares. Barclays set a $104.00 price target on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.20.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John M. Pasquesi sold 203,866 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the transaction, the insider directly owned 351,356 shares of the company’s stock, valued at $32,992,328.40. This trade represents a 36.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 260,096 shares of company stock worth $24,530,685 in the last three months. 4.20% of the stock is currently owned by corporate insiders.

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.