Inlet Private Wealth LLC Purchases New Shares in Arch Capital Group Ltd. $ACGL

Inlet Private Wealth LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,630 shares of the insurance provider’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $1,413,000. Allianz Asset Management GmbH grew its position in shares of Arch Capital Group by 12.5% in the third quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock valued at $17,472,000 after purchasing an additional 21,323 shares during the period. High Ground Investment Management LLP grew its position in shares of Arch Capital Group by 3.5% in the third quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock valued at $155,572,000 after purchasing an additional 58,151 shares during the period. WCM Investment Management LLC grew its position in shares of Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after purchasing an additional 171,693 shares during the period. Finally, Cooke & Bieler LP acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $210,856,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “sell” rating and issued a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Royal Bank Of Canada raised their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.20.

Insider Activity

In other Arch Capital Group news, 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 transaction, the director directly owned 2,000 shares of the company’s stock, valued at $34,220. The trade was a 60.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of Arch Capital Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares in the company, valued at $83,943,218.14. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 78,267 shares of company stock valued at $7,291,637 over the last three months. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $96.79 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. The firm’s 50-day moving average is $96.71 and its two-hundred day moving average is $93.46. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a market capitalization of $34.48 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 3.94 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the firm earned $2.26 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.