Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,465 shares of the insurance provider’s stock after purchasing an additional 245 shares during the period. Westover Capital Advisors LLC’s holdings in Arch Capital Group were worth $2,783,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ACGL. Envestnet Asset Management Inc. increased its holdings in shares of Arch Capital Group by 112.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after buying an additional 1,387,072 shares in the last quarter. Hsbc Holdings PLC raised its stake in Arch Capital Group by 597.9% during the 3rd quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock valued at $113,516,000 after purchasing an additional 1,216,498 shares during the period. Assetmark Inc. raised its stake in Arch Capital Group by 316.7% during the 3rd quarter. Assetmark Inc. now owns 977,982 shares of the insurance provider’s stock valued at $77,955,000 after purchasing an additional 743,303 shares during the period. Invesco Ltd. raised its stake in Arch Capital Group by 16.3% during the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock valued at $269,871,000 after purchasing an additional 475,464 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Arch Capital Group during the 4th quarter valued at $295,440,000. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $11,872,217 over the last three months. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Stock Performance

ACGL stock traded down $0.32 during mid-day trading on Thursday, reaching $95.48. 698,327 shares of the stock traded hands, compared to its average volume of 1,725,818. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $96.58. The business has a 50-day moving average of $90.82 and a two-hundred day moving average of $84.63. The firm has a market capitalization of $35.82 billion, a PE ratio of 7.49, a P/E/G ratio of 1.16 and a beta of 0.56.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business earned $1.73 earnings per share. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.09 EPS for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the topic of several recent analyst reports. Roth Mkm reissued a “buy” rating and set a $110.00 target price on shares of Arch Capital Group in a research note on Tuesday. 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. StockNews.com raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.67.

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.