Adalta Capital Management LLC Acquires 2,276 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Adalta Capital Management LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,274 shares of the insurance provider’s stock after acquiring an additional 2,276 shares during the period. Arch Capital Group makes up 2.7% of Adalta Capital Management LLC’s holdings, making the stock its 13th biggest holding. Adalta Capital Management LLC’s holdings in Arch Capital Group were worth $5,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in Arch Capital Group by 11.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,504 shares of the insurance provider’s stock valued at $3,186,000 after purchasing an additional 3,410 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Arch Capital Group by 167.2% in the fourth quarter. Merit Financial Group LLC now owns 5,911 shares of the insurance provider’s stock valued at $546,000 after purchasing an additional 3,699 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Arch Capital Group by 3.3% during the fourth quarter. HB Wealth Management LLC now owns 8,172 shares of the insurance provider’s stock valued at $755,000 after buying an additional 264 shares during the last quarter. UMB Bank n.a. grew its holdings in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in Arch Capital Group during the fourth quarter worth $86,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the transaction, the chief executive officer now directly owns 795,718 shares of the company’s stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,576 shares of company stock worth $11,586,638. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $94.19 on Wednesday. The firm has a market cap of $35.30 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $92.66 and its 200-day moving average is $93.46. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.45 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. UBS Group reduced their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted 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 report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Morgan Stanley boosted their price objective on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $115.00.

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.