Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,518,822 shares of the insurance provider’s stock after purchasing an additional 245,966 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Arch Capital Group were worth $261,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ACGL. Harbor Capital Advisors Inc. lifted its holdings in Arch Capital Group by 2.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after purchasing an additional 144 shares in the last quarter. Signaturefd LLC lifted its stake in Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock worth $183,000 after purchasing an additional 146 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Arch Capital Group by 15.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 146 shares during the last quarter. Chase Investment Counsel Corp boosted its position in shares of Arch Capital Group by 0.4% during the 4th quarter. Chase Investment Counsel Corp now owns 39,656 shares of the insurance provider’s stock valued at $2,945,000 after acquiring an additional 148 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of Arch Capital Group by 2.2% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock valued at $519,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated 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 owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Gansberg sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. Insiders sold 145,689 shares of company stock worth $12,838,617 in the last quarter. 4.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ACGL shares. Deutsche Bank Aktiengesellschaft upped their price objective on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Evercore ISI upped their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday, April 30th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. Finally, Bank of America upped their price objective on Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $100.67.

View Our Latest Stock Analysis on ACGL

Arch Capital Group Price Performance

ACGL stock opened at $97.91 on Tuesday. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $100.86. The stock’s fifty day simple moving average is $92.50 and its 200-day simple moving average is $85.41. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.19 and a beta of 0.57. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.43 EPS for the current year.

Arch Capital Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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