Asset One Wealth Management LLC Makes New $3.19 Million Investment in Arch Capital Group Ltd. $ACGL

Asset One Wealth Management LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 32,951 shares of the insurance provider’s stock, valued at approximately $3,187,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ACGL. Norges Bank purchased a new position in shares of Arch Capital Group in the 4th quarter worth $463,208,000. First Trust Advisors LP grew its stake 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 worth $257,278,000 after buying an additional 2,279,147 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Arch Capital Group by 184.1% in the 4th quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after buying an additional 1,730,487 shares in the last quarter. Fiduciary Management Inc. WI purchased a new position in shares of Arch Capital Group in the 4th quarter worth $106,683,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Arch Capital Group by 572.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock worth $121,684,000 after buying an additional 1,080,049 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In related news, Director Daniel Joseph Houston acquired 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ACGL shares. Barclays lifted their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.81.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $92.37 on Thursday. The firm has a 50-day moving average price of $94.18 and a 200-day moving average price of $94.99. The firm has a market capitalization of $32.27 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 4.63 and a beta of 0.32. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Arch Capital Group 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.