Harbor Advisors LLC Has $854,000 Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Harbor Advisors LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 27.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,500 shares of the insurance provider’s stock after buying an additional 2,500 shares during the period. Harbor Advisors LLC’s holdings in Arch Capital Group were worth $854,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC bought a new position in Arch Capital Group during the fourth quarter valued at about $27,000. Larson Financial Group LLC bought a new position in Arch Capital Group during the fourth quarter valued at about $30,000. Steward Financial Group LLC grew its position in Arch Capital Group by 180.7% during the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after buying an additional 338 shares during the period. CVA Family Office LLC bought a new position in Arch Capital Group during the fourth quarter valued at about $47,000. Finally, Covestor Ltd grew its position in Arch Capital Group by 342.9% during the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after buying an additional 696 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was 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 in the company, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 over the last ninety days. Insiders own 4.00% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $0.07 on Tuesday, hitting $93.78. The company’s stock had a trading volume of 1,459,364 shares, compared to its average volume of 1,710,867. The company has a market capitalization of $35.18 billion, a PE ratio of 8.08, a PEG ratio of 1.16 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50-day simple moving average of $89.77 and a 200 day simple moving average of $84.14. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the company earned $2.14 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACGL. Citigroup reduced their price target on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Evercore ISI increased their target price on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Finally, TD Cowen started coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.23.

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.