Alerus Financial NA Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Alerus Financial NA boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,700 shares of the insurance provider’s stock after purchasing an additional 6,264 shares during the quarter. Alerus Financial NA’s holdings in Arch Capital Group were worth $3,389,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $437,291,000. Madison Investment Advisors LLC purchased a new position in Arch Capital Group in the 4th quarter worth approximately $410,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the last quarter. Swedbank AB grew its holdings in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after purchasing an additional 919,793 shares during the last quarter. Finally, Egerton Capital UK LLP lifted its holdings in shares of Arch Capital Group by 25.8% in the fourth quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock valued at $368,289,000 after buying an additional 816,750 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction on 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 sale, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

ACGL stock opened at $96.94 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $92.16 and a 200 day simple moving average of $98.38. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The company has a market capitalization of $36.39 billion, a P/E ratio of 8.66, a PEG 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 return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the firm posted $2.45 earnings per share. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACGL. Morgan Stanley dropped their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Wells Fargo & Company dropped 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. Barclays reduced their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

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.