Nordea Investment Management AB grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,983 shares of the insurance provider’s stock after buying an additional 1,543 shares during the period. Nordea Investment Management AB’s holdings in Arch Capital Group were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Trust N.A. raised its position in shares of Arch Capital Group by 3.7% during the third quarter. Raymond James Trust N.A. now owns 4,926 shares of the insurance provider’s stock valued at $224,000 after buying an additional 177 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Arch Capital Group by 2.3% during the third quarter. Verdence Capital Advisors LLC now owns 8,332 shares of the insurance provider’s stock valued at $379,000 after buying an additional 189 shares during the last quarter. Monument Capital Management raised its position in shares of Arch Capital Group by 4.0% during the fourth quarter. Monument Capital Management now owns 4,981 shares of the insurance provider’s stock valued at $313,000 after buying an additional 192 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Arch Capital Group by 54.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 582 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 205 shares in the last quarter. Finally, Virtus ETF Advisers LLC grew its holdings in shares of Arch Capital Group by 1.4% in the third quarter. Virtus ETF Advisers LLC now owns 15,496 shares of the insurance provider’s stock valued at $706,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 88.78% of the company’s stock.
Arch Capital Group Stock Down 0.5 %
NASDAQ ACGL opened at $76.90 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $70.32 and a two-hundred day moving average of $64.74. The firm has a market capitalization of $28.64 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.24 and a beta of 0.72. Arch Capital Group Ltd. has a 52 week low of $41.05 and a 52 week high of $78.30.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Roth Capital reissued a “buy” rating on shares of Arch Capital Group in a report on Tuesday, February 14th. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, March 31st. JMP Securities raised their target price on shares of Arch Capital Group from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. UBS Group raised their target price on shares of Arch Capital Group from $66.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Finally, BMO Capital Markets initiated coverage on shares of Arch Capital Group in a report on Thursday, January 19th. They issued a “market perform” rating and a $65.00 target price for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.20.
Insider Activity
In other news, insider John M. Pasquesi sold 26,329 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $67.01, for a total transaction of $1,764,306.29. Following the completion of the sale, the insider now directly owns 756,635 shares of the company’s stock, valued at $50,702,111.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Nicolas Papadopoulo sold 30,000 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $70.16, for a total transaction of $2,104,800.00. Following the completion of the sale, the insider now directly owns 759,970 shares of the company’s stock, valued at $53,319,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 26,329 shares of Arch Capital Group stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $67.01, for a total value of $1,764,306.29. Following the completion of the sale, the insider now owns 756,635 shares of the company’s stock, valued at $50,702,111.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 243,489 shares of company stock valued at $17,956,373. 4.20% of the stock is currently owned by company insiders.
Arch Capital Group Profile
Arch Capital Group Ltd. engages in the provision of property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate, and Other. The Insurance segment consists of insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs.
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