Jump Financial LLC Grows Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Jump Financial LLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,384 shares of the insurance provider’s stock after purchasing an additional 218 shares during the period. Jump Financial LLC’s holdings in Arch Capital Group were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $26,325,000. Causeway Capital Management LLC acquired a new position in Arch Capital Group in the 4th quarter valued at $788,000. CreativeOne Wealth LLC lifted its holdings in Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock valued at $248,000 after purchasing an additional 126 shares in the last quarter. Mariner LLC boosted its stake in Arch Capital Group by 47.9% during the 4th quarter. Mariner LLC now owns 599,767 shares of the insurance provider’s stock worth $55,388,000 after purchasing an additional 194,282 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Arch Capital Group by 3.0% during the fourth quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider’s stock worth $438,000 after buying an additional 139 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. UBS Group cut their price target on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays reduced their price target on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.88.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $90.68 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The company has a 50 day moving average price of $91.85 and a 200 day moving average price of $95.11. The stock has a market capitalization of $34.07 billion, a P/E ratio of 8.10, a PEG ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter last year, the company earned $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

About Arch Capital Group

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.