11,856 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Bought by Signet Financial Management LLC

Signet Financial Management LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 11,856 shares of the insurance provider’s stock, valued at approximately $881,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Arch Capital Group in the fourth quarter worth $27,000. CENTRAL TRUST Co grew its stake in Arch Capital Group by 57.3% in the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 252 shares during the period. First Horizon Advisors Inc. grew its stake in Arch Capital Group by 151.0% in the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 299 shares during the period. Steward Financial Group LLC grew its stake in Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 338 shares during the period. Finally, CVA Family Office LLC purchased a new stake in Arch Capital Group in the fourth quarter worth $47,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 1.2 %

Shares of NASDAQ:ACGL opened at $90.86 on Wednesday. The company has a market cap of $34.09 billion, a P/E ratio of 7.82, a PEG ratio of 1.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $95.01. The stock’s fifty day moving average price is $89.07 and its 200-day moving average price is $83.79.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company earned $2.14 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.02 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,689 shares of company stock valued at $11,872,217. 4.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ACGL. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Morgan Stanley increased their target price on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday. Evercore ISI increased their target price on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. UBS Group cut their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.23.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.