Alerus Financial NA Purchases 6,264 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Alerus Financial NA lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 20.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,700 shares of the insurance provider’s stock after purchasing an additional 6,264 shares during the period. Alerus Financial NA’s holdings in Arch Capital Group were worth $3,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ACGL. Orion Portfolio Solutions LLC boosted its position in shares of Arch Capital Group by 14.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,282 shares of the insurance provider’s stock worth $1,319,000 after acquiring an additional 1,772 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Arch Capital Group by 16.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 228,753 shares of the insurance provider’s stock worth $21,125,000 after purchasing an additional 31,591 shares during the last quarter. High Ground Investment Management LLP grew its stake in Arch Capital Group by 246.3% during the 4th quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider’s stock worth $102,367,000 after buying an additional 788,393 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $2,995,000. Finally, Norges Bank acquired a new stake in Arch Capital Group during the 4th quarter worth about $437,291,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ACGL. UBS Group decreased their price target on shares of 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. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Morgan Stanley reduced their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $117.19.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $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 SEC, which is available at this link. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $96.94 on Friday. 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 $36.39 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The business has a fifty day simple moving average of $92.16 and a 200 day simple moving average of $98.38.

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, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $2.45 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.