Meadowbrook Advisors Group LLC Purchases Shares of 13,755 Arch Capital Group Ltd. $ACGL

Meadowbrook Advisors Group LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,755 shares of the insurance provider’s stock, valued at approximately $1,319,000.

Several other hedge funds have also modified their holdings of ACGL. Norges Bank purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $463,208,000. Morgan Stanley raised its stake in Arch Capital Group by 0.8% during the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock valued at $411,409,000 after purchasing an additional 33,132 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Arch Capital Group by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after purchasing an additional 160,326 shares in the last quarter. Legal & General Group Plc lifted its position in Arch Capital Group by 4.3% during the fourth 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. Finally, First Trust Advisors LP lifted its position in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $91.18 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $31.86 billion, a P/E ratio of 7.00, a PEG ratio of 4.56 and a beta of 0.32. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The firm has a 50-day simple moving average of $93.91 and a two-hundred day simple moving average of $94.96.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. Research analysts anticipate that Arch Capital Group Ltd. will post 9.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Mizuho lowered their price target on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Keefe, Bruyette & Woods dropped their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arch Capital Group has an average rating of “Hold” and an average target price of $106.81.

Read Our Latest Stock Report on Arch Capital Group

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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