Board of the Pension Protection Fund Grows Position in Arch Capital Group Ltd. $ACGL

Board of the Pension Protection Fund grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 286.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,400 shares of the insurance provider’s stock after acquiring an additional 12,900 shares during the quarter. Arch Capital Group comprises 1.6% of Board of the Pension Protection Fund’s investment portfolio, making the stock its 19th largest position. Board of the Pension Protection Fund’s holdings in Arch Capital Group were worth $1,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ACGL. Vanguard Group Inc. increased its position in shares of Arch Capital Group by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock worth $3,861,845,000 after purchasing an additional 493,583 shares during the last quarter. WCM Investment Management LLC lifted its position in 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 valued at $1,214,987,000 after purchasing an additional 171,693 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 valued at $743,168,000 after purchasing an additional 360,626 shares during the last quarter. Norges Bank purchased a new position in Arch Capital Group in the 2nd quarter worth approximately $441,551,000. Finally, Invesco Ltd. grew its stake in Arch Capital Group by 2.3% in the 2nd quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock worth $372,168,000 after buying an additional 90,824 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.8%

Shares of ACGL opened at $92.17 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm has a market cap of $32.79 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 3.78 and a beta of 0.40. The firm has a 50 day moving average price of $96.07 and a 200-day moving average price of $93.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last released its 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. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same quarter last year, the firm earned $2.26 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ACGL shares. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. UBS Group reiterated a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a research report on Thursday, February 12th. Finally, Citigroup reaffirmed a “buy” rating and set a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.20.

Insider Buying and Selling at Arch Capital Group

In other news, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider directly owned 336,559 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of Arch Capital Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 78,267 shares of company stock valued at $7,291,637. Corporate insiders own 4.20% of the company’s stock.

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.