Madison Investment Advisors LLC Acquires New Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Madison Investment Advisors LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,439,745 shares of the insurance provider’s stock, valued at approximately $410,010,000. Arch Capital Group makes up 4.6% of Madison Investment Advisors LLC’s investment portfolio, making the stock its biggest position. Madison Investment Advisors LLC owned about 1.18% of Arch Capital Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after acquiring an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after acquiring an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after buying an additional 6,521 shares during the period. Pittenger & Anderson Inc. raised its holdings in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after buying an additional 2,430 shares during the period. Finally, Northstar Group Inc. raised its holdings in Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock worth $11,285,000 after buying an additional 5,947 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Down 0.5 %

NASDAQ:ACGL opened at $91.98 on Friday. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The business’s 50-day moving average price is $91.99 and its two-hundred day moving average price is $98.85. 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 firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the business earned $2.45 EPS. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ACGL shares. JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Barclays lowered their target price on 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. UBS Group lowered their target price 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. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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 stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by 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.