Heartland Advisors Inc. Purchases 15,819 Shares of Arch Capital Group Ltd. $ACGL

Heartland Advisors Inc. raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 18.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,497 shares of the insurance provider’s stock after purchasing an additional 15,819 shares during the quarter. Heartland Advisors Inc.’s holdings in Arch Capital Group were worth $9,935,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC raised its position in shares of Arch Capital Group by 410.3% during 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 period. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter valued at $28,000. Aventura Private Wealth LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at $30,000. Finally, Grove Bank & Trust bought a new position in Arch Capital Group in the 4th quarter worth $30,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

ACGL opened at $101.35 on Friday. The stock has a market capitalization of $35.41 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 5.04 and a beta of 0.31. The company has a fifty day moving average of $95.09 and a 200 day moving average of $95.63. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $105.09. 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 (NASDAQ:ACGL) last announced 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 for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 9.35 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of analyst reports. Barclays increased their price target on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a research report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and set a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research report on Thursday, July 9th. JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, UBS Group reissued a “buy” rating and issued a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $109.39.

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.