Larson Financial Group LLC Takes $30,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Larson Financial Group LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 407 shares of the insurance provider’s stock, valued at approximately $30,000.

A number of other hedge funds have also recently bought and sold shares of the business. Northern Trust Corp grew its stake in Arch Capital Group by 9.2% during the 3rd quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock valued at $370,889,000 after purchasing an additional 390,362 shares in the last quarter. Invesco Ltd. grew its stake in Arch Capital Group by 16.3% during the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock valued at $269,871,000 after purchasing an additional 475,464 shares in the last quarter. Royal Bank of Canada grew its stake in Arch Capital Group by 3.4% during the 3rd quarter. Royal Bank of Canada now owns 3,151,688 shares of the insurance provider’s stock valued at $251,222,000 after purchasing an additional 104,299 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after purchasing an additional 1,387,072 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Arch Capital Group by 18.8% during the 3rd quarter. Barclays PLC now owns 2,240,381 shares of the insurance provider’s stock worth $178,581,000 after buying an additional 354,482 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is owned by company insiders.

Arch Capital Group Stock Down 2.3 %

Shares of Arch Capital Group stock opened at $90.90 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The business’s fifty day moving average price is $90.34 and its two-hundred day moving average price is $84.40. The company has a market capitalization of $34.10 billion, a P/E ratio of 7.82, a PEG ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on ACGL shares. JPMorgan Chase & Co. increased their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Citigroup reduced their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. TD Cowen started coverage on Arch Capital Group in a report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, Evercore ISI increased their target price on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.23.

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.