KLP Kapitalforvaltning AS Buys New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

KLP Kapitalforvaltning AS bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 165,841 shares of the insurance provider’s stock, valued at approximately $15,315,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sei Investments Co. lifted its stake in Arch Capital Group by 41.0% during the fourth quarter. Sei Investments Co. now owns 1,429,505 shares of the insurance provider’s stock valued at $132,014,000 after purchasing an additional 415,815 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Arch Capital Group by 15.6% during the fourth quarter. American Century Companies Inc. now owns 429,014 shares of the insurance provider’s stock valued at $39,619,000 after acquiring an additional 57,784 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of Arch Capital Group by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 35,515 shares of the insurance provider’s stock valued at $3,280,000 after acquiring an additional 11,229 shares during the period. Quantbot Technologies LP raised its holdings in shares of Arch Capital Group by 11,483.6% during the fourth quarter. Quantbot Technologies LP now owns 25,368 shares of the insurance provider’s stock valued at $2,343,000 after acquiring an additional 25,149 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $108,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Shares of ACGL opened at $91.98 on Monday. The company’s fifty day moving average is $91.99 and its 200-day moving average is $98.65. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. The firm has a market cap of $34.53 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. 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 announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS 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 last year, the business posted $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company cut their price target 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. UBS Group cut their price target 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. Finally, Barclays cut their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.19.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by company insiders.

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.