Orion Portfolio Solutions LLC Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Orion Portfolio Solutions LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,282 shares of the insurance provider’s stock after acquiring an additional 1,772 shares during the period. Orion Portfolio Solutions LLC’s holdings in Arch Capital Group were worth $1,319,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ACGL. Pictet Asset Management Holding SA boosted its position in shares of Arch Capital Group by 16.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 228,753 shares of the insurance provider’s stock valued at $21,125,000 after purchasing an additional 31,591 shares during the period. High Ground Investment Management LLP lifted its stake in Arch Capital Group by 246.3% in the fourth quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider’s stock valued at $102,367,000 after buying an additional 788,393 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $2,995,000. Norges Bank purchased a new position in shares of Arch Capital Group during the fourth quarter worth approximately $437,291,000. Finally, AssuredPartners Investment Advisors LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $635,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 8.8 %

Arch Capital Group stock opened at $87.83 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The firm has a market capitalization of $33.00 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The stock’s fifty day moving average is $92.23 and its two-hundred day moving average is $97.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 posted $2.45 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on 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 sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the topic of several research reports. Barclays lowered 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. Royal Bank of Canada dropped their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. 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 company currently has an average rating of “Moderate Buy” and an average target price of $117.19.

About Arch Capital Group

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.