Hartford Funds Management Co LLC Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Hartford Funds Management Co LLC increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,478 shares of the insurance provider’s stock after acquiring an additional 340 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Arch Capital Group were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group in the fourth quarter worth about $27,000. Larson Financial Group LLC purchased a new stake in Arch Capital Group during the 4th quarter worth approximately $30,000. CVA Family Office LLC acquired a new position in Arch Capital Group during the 4th quarter valued at approximately $47,000. Covestor Ltd raised its holdings in shares of Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after buying an additional 696 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of Arch Capital Group during the third quarter worth $75,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.00% of the stock is owned by insiders.

Arch Capital Group Price Performance

ACGL traded up $2.29 during midday trading on Tuesday, hitting $93.54. 3,310,880 shares of the company traded hands, compared to its average volume of 1,726,942. The company has a market capitalization of $35.09 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.13 and a beta of 0.57. The business has a 50 day simple moving average of $90.44 and a two-hundred day simple moving average of $84.49. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm posted $1.73 EPS. Arch Capital Group’s revenue was up 19.3% compared to the same quarter last year. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ACGL shares. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Roth Mkm reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday. Finally, TD Cowen assumed coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 target price for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.60.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.