Jefferies Financial Group Inc. Purchases New Holdings in Arch Capital Group Ltd. $ACGL

Jefferies Financial Group Inc. purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 68,005 shares of the insurance provider’s stock, valued at approximately $6,523,000.

A number of other large investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Arch Capital Group during the 2nd quarter valued at about $253,000. CW Advisors LLC increased its stake in Arch Capital Group by 6.5% during the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 189 shares in the last quarter. Jump Financial LLC bought a new stake in Arch Capital Group during the 2nd quarter valued at about $667,000. Finally, Cerity Partners LLC increased its stake in Arch Capital Group by 11.6% during the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after purchasing an additional 4,933 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $96.30 on Tuesday. The company has a 50 day moving average price of $95.44 and a 200-day moving average price of $95.09. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The firm has a market capitalization of $33.65 billion, a PE ratio of 7.40, a P/E/G ratio of 5.30 and a beta of 0.35. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15.

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. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion during the quarter. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.27 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Mizuho reduced their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Finally, Barclays raised their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arch Capital Group has an average rating of “Hold” and an average price target of $106.32.

Insider Buying and Selling at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares in the company, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Gansberg sold 5,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the sale, the insider owned 336,559 shares of the company’s stock, valued at $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 32,837 shares of company stock valued at $2,766,946. 3.30% of the stock is owned by corporate insiders.

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.