Sterling Capital Management LLC Has $1.99 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Sterling Capital Management LLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 55.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,493 shares of the insurance provider’s stock after buying an additional 7,665 shares during the period. Sterling Capital Management LLC’s holdings in Arch Capital Group were worth $1,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 4.8% during the third 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. XTX Topco Ltd bought a new position in Arch Capital Group in the 3rd quarter valued at $367,000. Virtu Financial LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $1,106,000. SkyView Investment Advisors LLC raised its position in shares of Arch Capital Group by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider’s stock worth $3,252,000 after acquiring an additional 454 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Arch Capital Group during the third quarter valued at $312,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

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 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 transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ACGL. JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Barclays dropped their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday. Morgan Stanley reduced their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.88.

Arch Capital Group Stock Up 1.7 %

Shares of ACGL stock opened at $92.13 on Monday. The company has a market capitalization of $34.61 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The firm has a fifty day moving average of $91.52 and a 200-day moving average of $96.40. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business posted $2.45 EPS. As a group, equities research analysts predict 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.