Arch Capital Group (NASDAQ:ACGL) Director Daniel Joseph Houston Purchases 5,300 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded down $0.17 during trading hours on Monday, reaching $93.65. 2,570,683 shares of the stock were exchanged, compared to its average volume of 2,045,009. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $96.37 and a 200-day simple moving average of $94.23. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The stock has a market capitalization of $33.36 billion, a P/E ratio of 7.19, a P/E/G ratio of 5.12 and a beta of 0.35.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion for the quarter. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 9.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ACGL. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Barclays increased their target price on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $104.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 7th. Finally, UBS Group reaffirmed a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Eight equities research 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, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $106.61.

Institutional Trading of Arch Capital Group

Several hedge funds have recently made changes to their positions in the stock. Schwartz Investment Counsel Inc. lifted its holdings in shares of Arch Capital Group by 30.0% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 130,000 shares of the insurance provider’s stock worth $12,479,000 after purchasing an additional 30,000 shares during the last quarter. Arbejdsmarkedets Tillaegspension lifted its holdings in shares of Arch Capital Group by 7.0% in the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 270,690 shares of the insurance provider’s stock worth $25,984,000 after purchasing an additional 17,655 shares during the last quarter. J. Safra Sarasin Holding AG lifted its holdings in shares of Arch Capital Group by 3.4% in the 1st quarter. J. Safra Sarasin Holding AG now owns 211,308 shares of the insurance provider’s stock worth $20,278,000 after purchasing an additional 6,927 shares during the last quarter. Applied Finance Capital Management LLC lifted its holdings in shares of Arch Capital Group by 12.7% in the 1st quarter. Applied Finance Capital Management LLC now owns 3,139 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 353 shares during the last quarter. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Arch Capital Group in the 1st quarter worth approximately $1,334,000. Institutional investors own 89.07% 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.