Natixis Advisors LLC Grows Position in Arch Capital Group Ltd. $ACGL

Natixis Advisors LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,146,087 shares of the insurance provider’s stock after purchasing an additional 195,068 shares during the period. Natixis Advisors LLC’s holdings in Arch Capital Group were worth $205,853,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $27,000. WealthCollab LLC boosted its position in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Arch Capital Group in the 3rd quarter worth approximately $28,000. Grove Bank & Trust purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $30,000. Finally, Aventura Private Wealth LLC purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at $83,943,218.14. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 32,837 shares of company stock valued at $2,766,946 in the last 90 days. 3.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACGL has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. JPMorgan Chase & Co. reduced their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Royal Bank Of Canada upped their target price on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, Mizuho reduced their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Hold” and an average price target of $106.32.

Arch Capital Group Stock Down 0.7%

NASDAQ ACGL opened at $88.74 on Tuesday. The business has a fifty day moving average price of $95.22 and a 200 day moving average price of $95.16. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market cap of $31.00 billion, a P/E ratio of 6.82, a P/E/G ratio of 4.91 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. Research analysts anticipate that Arch Capital Group Ltd. will post 9.29 EPS for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.