5,900 Shares in Arch Capital Group Ltd. $ACGL Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, Holdings Channel reports. The fund acquired 5,900 shares of the insurance provider’s stock, valued at approximately $566,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridges Investment Management Inc. bought a new stake in Arch Capital Group in the third quarter worth $1,413,000. Allianz Asset Management GmbH increased its position in Arch Capital Group by 12.5% during the third quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock valued at $17,472,000 after acquiring an additional 21,323 shares during the last quarter. High Ground Investment Management LLP increased its position in Arch Capital Group by 3.5% during the third quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock valued at $155,572,000 after acquiring an additional 58,151 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Arch Capital Group by 1.3% in 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 acquiring an additional 171,693 shares during the period. Finally, Cooke & Bieler LP bought a new stake in shares of Arch Capital Group in the 3rd quarter worth about $210,856,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $96.30 on Monday. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The company has a 50-day moving average of $95.40 and a 200 day moving average of $95.03. The firm has a market cap of $33.65 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 5.30 and a beta of 0.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on ACGL. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group reissued a “buy” rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Citigroup boosted their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Mizuho cut their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Eight equities 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.32.

Insider Buying and Selling at Arch Capital Group

In related news, insider David Gansberg sold 5,907 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, March 10th. The shares were 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 $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 SEC, which is available through this link. Also, Director Daniel Joseph Houston acquired 5,300 shares of Arch Capital Group stock in a transaction that occurred on 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 directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 32,837 shares of company stock valued at $2,766,946 in the last ninety days. Company insiders own 3.30% of the company’s stock.

Arch Capital Group 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.