Candriam S.C.A. Acquires 8,606 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Candriam S.C.A. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,597 shares of the insurance provider’s stock after purchasing an additional 8,606 shares during the quarter. Candriam S.C.A.’s holdings in Arch Capital Group were worth $3,749,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ACGL. Farther Finance Advisors LLC increased its stake in Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Arch Capital Group during the 3rd quarter worth approximately $227,000. Graypoint LLC bought a new stake in Arch Capital Group during the 3rd quarter worth approximately $212,000. Principal Financial Group Inc. increased its stake in Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after purchasing an additional 337,786 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Arch Capital Group by 0.5% during the 3rd quarter. Assetmark Inc. now owns 961,422 shares of the insurance provider’s stock worth $107,564,000 after purchasing an additional 5,120 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Down 0.4 %

Arch Capital Group stock opened at $91.00 on Friday. Arch Capital Group Ltd. has a 52 week low of $87.00 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a market capitalization of $34.16 billion, a P/E ratio of 8.13, a PEG ratio of 2.31 and a beta of 0.62. The stock has a 50-day simple moving average of $91.96 and a 200 day simple moving average of $100.04.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the company earned $2.45 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Barclays decreased their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada decreased their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.20% of the company’s stock.

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.