Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Increased by High Ground Investment Management LLP

High Ground Investment Management LLP boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 246.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,108,464 shares of the insurance provider’s stock after buying an additional 788,393 shares during the quarter. Arch Capital Group accounts for approximately 31.8% of High Ground Investment Management LLP’s investment portfolio, making the stock its 2nd largest position. High Ground Investment Management LLP owned 0.29% of Arch Capital Group worth $102,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Arch Capital Group during the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd increased its stake in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after buying an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group dropped 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 note on Tuesday, February 18th. Barclays dropped their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada decreased their target price on 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. Keefe, Bruyette & Woods dropped their price target on 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. Finally, Morgan Stanley decreased their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $96.94 on Friday. 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 debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market capitalization of $36.39 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 2.31 and a beta of 0.62. The stock’s 50-day simple moving average is $92.16 and its 200-day simple moving average is $98.38.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results 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 quarter in the prior year, the firm posted $2.45 EPS. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Company 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.