American International Group Inc. Purchases 941 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

American International Group Inc. lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,631 shares of the insurance provider’s stock after acquiring an additional 941 shares during the period. American International Group Inc.’s holdings in Arch Capital Group were worth $7,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Centaurus Financial Inc. increased its position in Arch Capital Group by 21.7% during the 4th quarter. Centaurus Financial Inc. now owns 2,195 shares of the insurance provider’s stock worth $163,000 after purchasing an additional 392 shares in the last quarter. Virtu Financial LLC bought a new position in Arch Capital Group during the fourth quarter worth $829,000. Neo Ivy Capital Management bought a new position in Arch Capital Group during the fourth quarter worth $239,000. Auxier Asset Management bought a new position in shares of Arch Capital Group in the fourth quarter valued at $305,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of Arch Capital Group by 32.1% in the fourth quarter. V Square Quantitative Management LLC now owns 6,750 shares of the insurance provider’s stock valued at $501,000 after buying an additional 1,639 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Trading Up 1.6 %

ACGL stock opened at $100.80 on Thursday. The company has a market capitalization of $37.85 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.60. Arch Capital Group Ltd. has a one year low of $70.19 and a one year high of $103.79. The company’s 50 day moving average price is $97.42 and its two-hundred day moving average price is $88.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, analysts predict that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ACGL. JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Bank of America lifted their target price on shares of Arch Capital Group from $109.00 to $119.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Evercore ISI lifted their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. JMP Securities raised their price objective on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 30th. Finally, Roth Mkm restated a “buy” rating and issued a $110.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Insider Buying and Selling

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by insiders.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.