Quadrature Capital Ltd Invests $694,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Quadrature Capital Ltd acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, Holdings Channel reports. The fund acquired 9,346 shares of the insurance provider’s stock, valued at approximately $694,000.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Arch Capital Group by 601.1% in the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after acquiring an additional 121,206 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Arch Capital Group by 0.7% in the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock valued at $16,672,000 after acquiring an additional 1,504 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Arch Capital Group by 28.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider’s stock valued at $15,277,000 after acquiring an additional 46,089 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Arch Capital Group by 19.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock valued at $6,621,000 after acquiring an additional 14,233 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Arch Capital Group by 31.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock valued at $14,945,000 after acquiring an additional 48,587 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

ACGL has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Evercore ISI boosted their target price on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research report on Tuesday, April 30th. Morgan Stanley boosted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. StockNews.com raised Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Sunday, June 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $101.33.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $101.89 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. Arch Capital Group Ltd. has a 1 year low of $70.53 and a 1 year high of $103.79. The company has a market capitalization of $38.26 billion, a PE ratio of 8.04, a P/E/G ratio of 1.73 and a beta of 0.60. The company has a fifty day moving average of $98.05 and a two-hundred day moving average of $88.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Arch Capital Group’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, analysts expect that Arch Capital Group Ltd. will post 8.55 earnings per share for the current year.

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.