Entropy Technologies LP Has $4.48 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

Entropy Technologies LP raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 83.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,700 shares of the insurance provider’s stock after purchasing an additional 21,297 shares during the quarter. Entropy Technologies LP’s holdings in Arch Capital Group were worth $4,479,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in Arch Capital Group by 4.3% during the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after purchasing an additional 121,090 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Arch Capital Group by 4.6% during the 3rd 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. NEOS Investment Management LLC lifted its holdings in Arch Capital Group by 49.1% during the 3rd quarter. NEOS Investment Management LLC now owns 49,652 shares of the insurance provider’s stock valued at $4,505,000 after purchasing an additional 16,343 shares during the last quarter. National Pension Service lifted its holdings in Arch Capital Group by 8.5% during the 4th quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after purchasing an additional 53,661 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Arch Capital Group by 10.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock valued at $18,024,000 after purchasing an additional 17,923 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACGL. Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Mizuho cut their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. UBS Group reissued a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Morgan Stanley set a $105.00 target price on Arch Capital Group in a report on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $106.81.

Insiders Place Their Bets

In related news, Director Daniel Joseph Houston purchased 5,300 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares in the company, valued at $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by company insiders.

Arch Capital Group Price Performance

ACGL opened at $91.66 on Monday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $32.03 billion, a P/E ratio of 7.04, a P/E/G ratio of 4.58 and a beta of 0.32. The stock has a fifty day moving average of $94.45 and a 200-day moving average of $95.03.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion during the quarter. On average, equities analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

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.