Handelsbanken Fonder AB Acquires 31,408 Shares of Arch Capital Group Ltd. $ACGL

Handelsbanken Fonder AB grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 38.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,885 shares of the insurance provider’s stock after acquiring an additional 31,408 shares during the quarter. Handelsbanken Fonder AB’s holdings in Arch Capital Group were worth $10,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. AMF Tjanstepension AB lifted its position in Arch Capital Group by 119.4% in the fourth quarter. AMF Tjanstepension AB now owns 43,035 shares of the insurance provider’s stock worth $4,128,000 after purchasing an additional 23,424 shares during the period. Csenge Advisory Group lifted its position in Arch Capital Group by 42.1% in the fourth quarter. Csenge Advisory Group now owns 3,520 shares of the insurance provider’s stock worth $338,000 after purchasing an additional 1,042 shares during the period. ProShare Advisors LLC lifted its position in Arch Capital Group by 1.1% in the fourth quarter. ProShare Advisors LLC now owns 89,707 shares of the insurance provider’s stock worth $8,605,000 after purchasing an additional 972 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Arch Capital Group by 13.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,575 shares of the insurance provider’s stock worth $631,000 after purchasing an additional 798 shares during the period. Finally, Entrust Financial LLC bought a new position in Arch Capital Group in the fourth quarter worth $63,000. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACGL has been the subject of several research reports. Mizuho reduced their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $106.32.

Insiders Place Their Bets

In other Arch Capital Group news, Director Daniel Joseph Houston purchased 5,300 shares of the business’s 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 completion of the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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 represents a 60.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,837 shares of company stock valued at $2,766,946. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Stock Down 0.7%

Shares of NASDAQ ACGL opened at $96.13 on Friday. The stock has a market cap of $33.59 billion, a PE ratio of 7.38, a PEG ratio of 5.33 and a beta of 0.35. The business has a fifty day moving average of $95.37 and a two-hundred day moving average of $94.95. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.27 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

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.