Northwestern Mutual Wealth Management Co. Acquires 114,284 Shares of Arch Capital Group Ltd. $ACGL

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1,077.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,888 shares of the insurance provider’s stock after purchasing an additional 114,284 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Arch Capital Group were worth $11,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. WealthCollab LLC increased its position in Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Arch Capital Group during the third quarter valued at $28,000. Grove Bank & Trust purchased a new stake in Arch Capital Group during the fourth quarter valued at $30,000. Aventura Private Wealth LLC purchased a new stake in Arch Capital Group during the fourth quarter valued at $30,000. Finally, TD Waterhouse Canada Inc. increased its position in Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price objective on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $106.32.

Arch Capital Group Stock Performance

Shares of ACGL opened at $96.13 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $95.37 and a two-hundred day simple moving average of $94.95. The stock has a market cap of $33.59 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 5.33 and a beta of 0.35. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, analysts expect that Arch Capital Group Ltd. will post 9.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the sale, the chief executive officer owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 32,837 shares of company stock worth $2,766,946. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.