Arbejdsmarkedets Tillaegspension Purchases 17,655 Shares of Arch Capital Group Ltd. $ACGL

Arbejdsmarkedets Tillaegspension increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 270,690 shares of the insurance provider’s stock after purchasing an additional 17,655 shares during the period. Arch Capital Group accounts for 0.6% of Arbejdsmarkedets Tillaegspension’s investment portfolio, making the stock its 20th largest holding. Arbejdsmarkedets Tillaegspension’s holdings in Arch Capital Group were worth $25,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in shares of Arch Capital Group in the 4th quarter valued at about $27,000. WealthCollab LLC lifted its position in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $28,000. Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $30,000. Finally, Grove Bank & Trust bought a new stake in Arch Capital Group in the 4th quarter valued at $30,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $101.06 on Monday. The company has a market cap of $35.31 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 5.03 and a beta of 0.31. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $105.09. 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 stock has a fifty day moving average price of $94.44 and a 200-day moving average price of $95.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion during the quarter. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

ACGL has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Barclays lifted their price target on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Mizuho boosted their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $102.00 price target (up from $100.00) on shares of Arch Capital Group in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Hold” and an average target price of $108.12.

Insider Activity at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is owned by insiders.

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.