SG Americas Securities LLC Grows Holdings in Arch Capital Group Ltd. $ACGL

SG Americas Securities LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 267.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 285,210 shares of the insurance provider’s stock after acquiring an additional 207,642 shares during the quarter. SG Americas Securities LLC’s holdings in Arch Capital Group were worth $27,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its position in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after purchasing an additional 360,626 shares during the last quarter. Norges Bank acquired a new stake in Arch Capital Group during the 2nd quarter valued at approximately $441,551,000. Invesco Ltd. increased its holdings in Arch Capital Group by 2.3% during the 2nd quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock worth $372,168,000 after purchasing an additional 90,824 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Arch Capital Group by 409.5% in the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $94.12 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $33.53 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The business has a 50 day simple moving average of $96.18 and a 200-day simple moving average of $93.12.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period last year, the business posted $2.26 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Mizuho increased their target price on Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Citigroup reissued a “buy” rating and set a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.20.

Insider Buying and Selling at Arch Capital Group

In other news, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total value of $569,257.59. Following the transaction, the insider directly owned 336,559 shares in the company, valued at approximately $32,434,190.83. This trade represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $34,220. This trade represents a 60.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 78,267 shares of company stock valued at $7,291,637. Corporate insiders own 4.20% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.