Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in Arch Capital Group Ltd. $ACGL

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 55.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,000 shares of the insurance provider’s stock after buying an additional 102,550 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Arch Capital Group were worth $27,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $253,000. CW Advisors LLC grew its position in shares of Arch Capital Group by 6.5% in the second 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 purchased a new stake in shares of Arch Capital Group in the second quarter valued at approximately $667,000. Finally, Cerity Partners LLC increased its holdings in shares of Arch Capital Group by 11.6% in the second 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 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 news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is owned by company insiders.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $102.20 on Friday. The company has a market capitalization of $35.71 billion, a P/E ratio of 7.85, a P/E/G ratio of 5.11 and a beta of 0.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a 50 day simple moving average of $93.86 and a 200-day simple moving average of $95.28. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, equities research analysts predict that Arch Capital Group Ltd. will post 9.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price objective on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Mizuho dropped their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Barclays upped their target price on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Finally, Citigroup lifted their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.81.

Arch Capital Group Company 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.