United Capital Financial Advisors LLC Raises Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

United Capital Financial Advisors LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,062 shares of the insurance provider’s stock after acquiring an additional 170 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Arch Capital Group were worth $1,114,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after buying an additional 6,663 shares during the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of Arch Capital Group by 56.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock valued at $621,000 after acquiring an additional 2,430 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $366,000. Northstar Group Inc. raised its holdings in shares of Arch Capital Group by 5.1% during the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock worth $11,285,000 after purchasing an additional 5,947 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Arch Capital Group by 33.7% during the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider’s stock worth $57,631,000 after purchasing an additional 157,197 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Up 0.2 %

ACGL stock opened at $92.59 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The business’s 50-day moving average is $91.55 and its 200 day moving average is $95.93. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a market cap of $34.79 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $2.45 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the topic of several analyst reports. Royal Bank of Canada cut their price target on 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 dropped 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. Jefferies Financial Group boosted their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 11th. JPMorgan Chase & Co. raised their price objective 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. Finally, Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $114.88.

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.