Swedbank AB Has $183.74 Million Holdings in Arch Capital Group Ltd. $ACGL

Swedbank AB lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,915,590 shares of the insurance provider’s stock after purchasing an additional 16,330 shares during the period. Swedbank AB owned 0.53% of Arch Capital Group worth $183,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at $27,000. WealthCollab LLC lifted its stake in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $28,000. Grove Bank & Trust acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at $30,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ACGL. Citigroup lifted their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley set a $105.00 target price on shares of Arch Capital Group in a research report on Friday, May 1st. UBS Group reissued a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Mizuho cut their target price on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $106.32.

Arch Capital Group Stock Up 0.2%

Shares of ACGL opened at $96.30 on Friday. The company has a 50-day simple moving average of $95.40 and a 200-day simple moving average of $94.96. The firm has a market capitalization of $33.65 billion, a P/E ratio of 7.40, a P/E/G ratio of 5.30 and a beta of 0.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. 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 announced its quarterly earnings data 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 net margin of 24.64% and a return on equity of 17.61%. On average, equities research analysts expect that Arch Capital Group Ltd. will post 9.27 earnings per share for the current year.

Insider Activity at Arch Capital Group

In other news, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the transaction, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the transaction, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 32,837 shares of company stock worth $2,766,946 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

About Arch Capital Group

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.