Northwest & Ethical Investments L.P. Purchases 6,055 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Northwest & Ethical Investments L.P. raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.3% during the fourth quarter, Holdings Channel reports. The fund owned 34,465 shares of the insurance provider’s stock after buying an additional 6,055 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Arch Capital Group were worth $3,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACGL. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new stake in Arch Capital Group during the fourth quarter valued at about $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the fourth quarter valued at about $42,000. Y.D. More Investments Ltd increased its holdings in shares of Arch Capital Group by 125.6% in the fourth 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. boosted 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 acquiring an additional 414 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACGL. UBS Group decreased their price target on 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. JMP Securities reiterated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. 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. Barclays decreased their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley dropped their target price on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Price Performance

ACGL opened at $92.45 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.70 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The stock has a fifty day simple moving average of $91.95 and a two-hundred day simple moving average of $99.00. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47.

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 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 period last year, the business posted $2.45 earnings per share. 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.