Great Lakes Advisors LLC Acquires 3,075 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Great Lakes Advisors LLC raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 79.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,932 shares of the insurance provider’s stock after buying an additional 3,075 shares during the quarter. Great Lakes Advisors LLC’s holdings in Arch Capital Group were worth $640,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after purchasing an additional 337,786 shares during the period. Oppenheimer & Co. Inc. increased its stake in Arch Capital Group by 7.2% during the third quarter. Oppenheimer & Co. Inc. now owns 19,735 shares of the insurance provider’s stock valued at $2,208,000 after acquiring an additional 1,321 shares during the period. KBC Group NV raised its holdings in Arch Capital Group by 92.5% in the 3rd quarter. KBC Group NV now owns 116,264 shares of the insurance provider’s stock valued at $13,007,000 after acquiring an additional 55,881 shares in the last quarter. Huntington National Bank lifted its position in shares of Arch Capital Group by 21.2% in the 3rd quarter. Huntington National Bank now owns 2,309 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 404 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Arch Capital Group by 8.4% during the 3rd quarter. CIBC Asset Management Inc now owns 54,616 shares of the insurance provider’s stock worth $6,110,000 after purchasing an additional 4,245 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ACGL shares. Barclays cut their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group decreased their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada dropped their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Trading Up 2.4 %

Shares of NASDAQ ACGL opened at $92.57 on Monday. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $91.83 and a two-hundred day moving average of $99.35. The company has a market cap of $34.75 billion, a PE ratio of 8.27, a P/E/G ratio of 2.31 and a beta of 0.62.

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

Arch Capital Group Profile

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.