Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,282 shares of the insurance provider’s stock after acquiring an additional 1,772 shares during the period. Orion Portfolio Solutions LLC’s holdings in Arch Capital Group were worth $1,319,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group in the 4th quarter worth $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd boosted its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The stock was 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 of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

ACGL stock opened at $87.83 on Friday. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The firm has a market capitalization of $33.00 billion, a P/E ratio of 7.84, a P/E/G ratio of 2.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The business’s 50-day moving average is $92.23 and its two-hundred day moving average is $97.68.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $2.45 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.