Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by USA Financial Formulas

USA Financial Formulas increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 53.3% during the first quarter, HoldingsChannel.com reports. The fund owned 2,003 shares of the insurance provider’s stock after buying an additional 696 shares during the period. USA Financial Formulas’ holdings in Arch Capital Group were worth $193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $42,000. Empowered Funds LLC lifted its holdings in Arch Capital Group by 124.0% in the fourth quarter. Empowered Funds LLC now owns 28,756 shares of the insurance provider’s stock valued at $2,656,000 after acquiring an additional 15,917 shares during the last quarter. Savant Capital LLC lifted its holdings in Arch Capital Group by 14.5% in the fourth quarter. Savant Capital LLC now owns 14,102 shares of the insurance provider’s stock valued at $1,302,000 after acquiring an additional 1,790 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in Arch Capital Group by 12.6% in the fourth quarter. Leavell Investment Management Inc. now owns 6,686 shares of the insurance provider’s stock valued at $617,000 after acquiring an additional 748 shares during the last quarter. Finally, Capital Advisors Inc. OK lifted its holdings in Arch Capital Group by 15.0% in the fourth quarter. Capital Advisors Inc. OK now owns 2,684 shares of the insurance provider’s stock valued at $248,000 after acquiring an additional 351 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares of the company’s stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Francois Morin sold 12,630 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer now directly owns 274,681 shares in the company, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,976 shares of company stock valued at $10,531,038. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL opened at $89.39 on Thursday. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm’s 50 day moving average price is $92.38 and its 200 day moving average price is $92.87. The company has a market cap of $33.50 billion, a P/E ratio of 7.98, a PEG ratio of 2.31 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the company an “overweight” rating in a research note on Monday, May 19th. Barclays reduced their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Finally, UBS Group reduced their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.63.

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.