Pallas Capital Advisors LLC Has $3.55 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Pallas Capital Advisors LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,902 shares of the insurance provider’s stock after purchasing an additional 1,490 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Arch Capital Group were worth $3,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter worth about $42,000. Quarry LP acquired a new stake in Arch Capital Group in the fourth quarter worth about $58,000. Finally, McIlrath & Eck LLC grew its position in shares of Arch Capital Group by 165.3% during the 4th quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider’s stock worth $62,000 after buying an additional 415 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACGL. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the stock an “overweight” rating in a research report on Monday, May 19th. Barclays decreased their target price on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. boosted their target price on 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 target price on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company boosted their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Arch Capital Group Price Performance

Shares of ACGL opened at $92.35 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a 50 day simple moving average of $92.48 and a 200 day simple moving average of $92.91. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The firm has a market capitalization of $34.61 billion, a PE ratio of 8.25, a P/E/G ratio of 2.31 and a beta of 0.53.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. Arch Capital Group’s revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Francois Morin sold 12,630 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 111,976 shares of company stock worth $10,531,038. 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.