Candriam S.C.A. Purchases 8,606 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Candriam S.C.A. boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 40,597 shares of the insurance provider’s stock after buying an additional 8,606 shares during the quarter. Candriam S.C.A.’s holdings in Arch Capital Group were worth $3,749,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ACGL. Farther Finance Advisors LLC increased its stake in Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 101 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in Arch Capital Group in the third quarter valued at approximately $227,000. Graypoint LLC bought a new position in Arch Capital Group in the third quarter valued at approximately $212,000. Principal Financial Group Inc. increased its stake in Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after acquiring an additional 337,786 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Arch Capital Group by 0.5% in the third quarter. Assetmark Inc. now owns 961,422 shares of the insurance provider’s stock valued at $107,564,000 after acquiring an additional 5,120 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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 note on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their target price 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. Bank of America decreased their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $91.00 on Friday. 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 Ltd. has a twelve month low of $87.00 and a twelve month high of $116.47. The stock has a market cap of $34.16 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 2.31 and a beta of 0.62. The company’s fifty day moving average is $91.96 and its 200 day moving average is $100.04.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 in the previous year, the business earned $2.45 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is 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.