Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lifted by Millington Financial Advisors LLC

Millington Financial Advisors LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,270 shares of the insurance provider’s stock after acquiring an additional 351 shares during the quarter. Millington Financial Advisors LLC’s holdings in Arch Capital Group were worth $986,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of Arch Capital Group by 6.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock valued at $16,756,000 after purchasing an additional 11,594 shares during the last quarter. SG Americas Securities LLC raised its holdings in Arch Capital Group by 601.1% during the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock worth $10,500,000 after buying an additional 121,206 shares during the period. Treasurer of the State of North Carolina lifted its stake in Arch Capital Group by 0.7% during 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 buying an additional 1,504 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of 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 worth $14,945,000 after buying an additional 48,587 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Arch Capital Group by 46.8% in the third quarter. American Century Companies Inc. now owns 131,465 shares of the insurance provider’s stock worth $10,479,000 after acquiring an additional 41,904 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Down 0.1 %

Shares of ACGL traded down $0.07 during midday trading on Tuesday, reaching $93.78. 1,459,369 shares of the stock were exchanged, compared to its average volume of 1,710,868. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.16 and a beta of 0.57. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $95.01. The firm has a 50 day simple moving average of $89.96 and a 200-day simple moving average of $84.22.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter last year, the firm earned $2.14 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock worth $11,872,217 in the last 90 days. 4.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. UBS Group decreased their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $100.00 target price on shares of Arch Capital Group in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.23.

About Arch Capital Group

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.