Point72 Hong Kong Ltd Purchases New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Point72 Hong Kong Ltd acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,615 shares of the insurance provider’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. boosted its stake in shares of Arch Capital Group by 89.1% during the 4th quarter. TCI Wealth Advisors Inc. now owns 660 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 311 shares in the last quarter. BBVA USA Bancshares Inc. purchased a new position in Arch Capital Group in the 4th quarter worth approximately $40,000. Toronto Dominion Bank acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $46,000. Loomis Sayles & Co. L P acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $52,000. Finally, Parallel Advisors LLC grew its position in shares of Arch Capital Group by 24.8% in the fourth quarter. Parallel Advisors LLC now owns 1,424 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 283 shares in the last quarter. 79.51% of the stock is owned by institutional investors.

Shares of ACGL stock traded up $3.95 during trading on Thursday, hitting $29.67. 3,721,408 shares of the stock traded hands, compared to its average volume of 1,938,027. Arch Capital Group Ltd. has a 52-week low of $22.54 and a 52-week high of $48.32. The firm has a market capitalization of $10.44 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69. The firm’s fifty day moving average price is $39.74 and its 200-day moving average price is $41.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $1.67 billion during the quarter. Arch Capital Group had a return on equity of 10.92% and a net margin of 23.47%. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 2.99 earnings per share for the current year.

A number of equities analysts recently commented on the company. Wells Fargo & Co upgraded Arch Capital Group from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research report on Monday, January 6th. BidaskClub cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Morgan Stanley raised their target price on Arch Capital Group from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Cfra lifted their price target on Arch Capital Group from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Barclays reissued a “buy” rating and set a $52.00 price target on shares of Arch Capital Group in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $45.59.

In other Arch Capital Group news, SVP W Preston Hutchings sold 40,000 shares of Arch Capital Group stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $45.96, for a total transaction of $1,838,400.00. Following the completion of the sale, the senior vice president now directly owns 45,719 shares in the company, valued at $2,101,245.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Francois Morin sold 6,990 shares of Arch Capital Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.16, for a total transaction of $336,638.40. Following the sale, the chief financial officer now owns 32,150 shares of the company’s stock, valued at $1,548,344. The disclosure for this sale can be found here. Insiders sold 86,990 shares of company stock worth $4,059,038 in the last 90 days. Company insiders own 5.20% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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