Cooke & Bieler LP Has $252.77 Million Stake in Arch Capital Group Ltd. $ACGL

Cooke & Bieler LP grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,635,193 shares of the insurance provider’s stock after acquiring an additional 311,202 shares during the quarter. Arch Capital Group accounts for approximately 2.6% of Cooke & Bieler LP’s investment portfolio, making the stock its 5th biggest position. Cooke & Bieler LP’s holdings in Arch Capital Group were worth $252,768,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. First Trust Advisors LP lifted its position in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after purchasing an additional 2,279,147 shares during the period. Ameriprise Financial Inc. grew its stake in Arch Capital Group by 289.1% during the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock worth $124,615,000 after buying an additional 1,016,919 shares in the last quarter. Two Sigma Investments LP grew its stake in Arch Capital Group by 112.4% during the third quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock worth $171,953,000 after buying an additional 1,003,004 shares in the last quarter. UBS Group AG grew its stake in Arch Capital Group by 56.4% during the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after buying an additional 987,398 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Arch Capital Group by 3,918.3% during the third quarter. Marshall Wace LLP now owns 934,287 shares of the insurance provider’s stock worth $84,768,000 after buying an additional 911,036 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Royal Bank Of Canada increased their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Citigroup increased their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, UBS Group reiterated a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.32.

Insider Activity at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $34,220. This represents a 60.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the transaction, the insider directly owned 336,559 shares of the company’s stock, valued at $32,434,190.83. This trade represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,837 shares of company stock worth $2,766,946 over the last three months. 3.30% of the stock is owned by insiders.

Arch Capital Group Price Performance

ACGL stock opened at $96.30 on Monday. The stock has a market capitalization of $33.65 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 5.30 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The firm has a 50-day moving average price of $95.40 and a 200-day moving average price of $95.03.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.27 EPS for the current fiscal year.

Arch Capital Group Company Profile

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.