Park Avenue Securities LLC Acquires 5,576 Shares of Arch Capital Group Ltd. $ACGL

Park Avenue Securities LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 18.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,994 shares of the insurance provider’s stock after acquiring an additional 5,576 shares during the period. Park Avenue Securities LLC’s holdings in Arch Capital Group were worth $3,453,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its stake in shares of Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the period. Crescent Grove Advisors LLC lifted its stake in Arch Capital Group by 3.1% in the second quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after acquiring an additional 112 shares during the period. Keel Point LLC lifted its stake in Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 112 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Arch Capital Group by 4.4% in the second quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock valued at $275,000 after acquiring an additional 127 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in Arch Capital Group by 5.0% in the third quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 127 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $92.30 on Monday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The stock has a market cap of $32.84 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $96.01 and its 200-day moving average price is $93.09.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the business earned $2.26 EPS. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 47,430 shares of the business’s 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 sale, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. The trade was a 9.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,267 shares of company stock worth $7,291,637 in the last ninety days. 4.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ACGL. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a report on Wednesday, January 7th. Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a research note on Friday, January 16th. Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Mizuho increased their price target on shares of Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Citigroup restated a “buy” rating and issued a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a report 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. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $109.20.

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.