Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,878 shares of the insurance provider’s stock after acquiring an additional 2,002 shares during the period. Tower Research Capital LLC TRC’s holdings in Arch Capital Group were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position 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 worth $832,246,000 after buying an additional 337,786 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Arch Capital Group in the third quarter worth $1,106,000. SkyView Investment Advisors LLC grew its stake in shares of Arch Capital Group by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider’s stock worth $3,252,000 after acquiring an additional 454 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Arch Capital Group during the 3rd quarter worth about $312,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Arch Capital Group in the 3rd quarter valued at approximately $6,817,000. 89.07% of the stock is owned by institutional investors.

Insider Activity at Arch Capital Group

In other 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 transaction of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of recent research reports. Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. UBS Group decreased their price target on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.88.

Arch Capital Group Stock Down 3.0 %

Shares of NASDAQ:ACGL opened at $89.79 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company has a market cap of $33.74 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 2.31 and a beta of 0.36. The firm has a fifty day moving average price of $91.58 and a two-hundred day moving average price of $95.51.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $2.45 EPS. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.