Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 60.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,369 shares of the insurance provider’s stock after acquiring an additional 31,741 shares during the period. QRG Capital Management Inc.’s holdings in Arch Capital Group were worth $8,115,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in shares of Arch Capital Group in the fourth quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the fourth quarter worth $37,000. Quarry LP acquired a new position in shares of Arch Capital Group in the fourth quarter worth $58,000. McIlrath & Eck LLC grew its stake in shares of Arch Capital Group by 165.3% in the fourth quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 415 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Arch Capital Group by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 291 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the stock an “overweight” rating in a research note on Monday, May 19th. Jefferies Financial Group downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Finally, UBS Group boosted their target price on shares of Arch Capital Group to $124.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.63.

Insider Activity

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares of the company’s stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer now directly owns 274,681 shares of the company’s stock, valued at $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,976 shares of company stock valued at $10,531,038. Insiders own 4.10% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $90.15 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a market capitalization of $33.78 billion, a PE ratio of 9.24, a P/E/G ratio of 6.30 and a beta of 0.53. The company has a fifty day moving average of $92.67 and a two-hundred day moving average of $92.55.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The business’s revenue was up 10.5% on a year-over-year basis. As a group, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group 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.