EdgeRock Capital LLC Makes New $335,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

EdgeRock Capital LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,513 shares of the insurance provider’s stock, valued at approximately $335,000.

A number of other hedge funds also recently bought and sold shares of ACGL. DekaBank Deutsche Girozentrale lifted its stake in shares of Arch Capital Group by 6.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock worth $16,756,000 after buying an additional 11,594 shares in the last quarter. SG Americas Securities LLC boosted its stake 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 valued at $10,500,000 after purchasing an additional 121,206 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Arch Capital Group by 0.7% in the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock worth $16,672,000 after purchasing an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC purchased a new position in shares of Arch Capital Group in the third quarter worth $1,030,000. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Arch Capital Group by 28.9% during 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 purchasing an additional 46,089 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.1 %

NASDAQ ACGL traded up $1.07 during trading on Tuesday, hitting $98.21. The stock had a trading volume of 1,316,197 shares, compared to its average volume of 1,724,365. The company has a market capitalization of $36.84 billion, a PE ratio of 7.75, a PEG ratio of 1.12 and a beta of 0.57. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $91.35 and a 200 day moving average price of $84.84. Arch Capital Group Ltd. has a twelve month low of $69.05 and a twelve month high of $98.54.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 earnings per share. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.43 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the sale, the chief executive officer now directly owns 228,035 shares in the company, valued at $22,037,302.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following 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. In the last three months, insiders sold 145,689 shares of company stock worth $12,838,617. 4.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. Morgan Stanley boosted their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. StockNews.com upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, JMP Securities boosted their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 30th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

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.