Cognios Beta Neutral Large Cap Fund LP Purchases Shares of 5,018 Arch Capital Group Ltd. (NASDAQ:ACGL)

Cognios Beta Neutral Large Cap Fund LP purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,018 shares of the insurance provider’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in Arch Capital Group during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth approximately $30,000. Steward Financial Group LLC grew its holdings in shares of Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 338 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth approximately $47,000. Finally, Covestor Ltd grew its holdings in shares of Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 696 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was 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 approximately $19,399,009.13. The transaction 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 Arch Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock valued at $11,872,217 in the last quarter. 4.00% of the stock is owned by insiders.

Analysts Set New Price Targets

ACGL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Citigroup dropped their price target on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 price target on shares of Arch Capital Group in a research note on Monday, April 15th. Finally, UBS Group dropped their price target on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, January 10th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.23.

Arch Capital Group Stock Down 0.6 %

Arch Capital Group stock traded down $0.59 on Wednesday, hitting $93.19. 1,257,644 shares of the stock traded hands, compared to its average volume of 1,705,130. The business’s fifty day simple moving average is $90.13 and its 200 day simple moving average is $84.28. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.96 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 1.17 and a beta of 0.57. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $95.01.

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

Arch Capital Group Company 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.