Gateway Investment Advisers LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 257.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 167,893 shares of the insurance provider’s stock after buying an additional 120,859 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Arch Capital Group were worth $15,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at about $112,000. Toronto Dominion Bank raised its position in shares of Arch Capital Group by 18.8% in the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock valued at $149,000 after buying an additional 253 shares during the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Arch Capital Group in the second quarter valued at about $208,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arch Capital Group in the second quarter valued at about $229,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $242,000. Institutional investors and hedge funds own 79.43% of the company’s stock.

In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total transaction of $539,225.47. Following the completion of the sale, the insider now directly owns 43,268 shares in the company, valued at $3,940,416.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 54,554 shares of Arch Capital Group stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the sale, the chief executive officer now owns 147,481 shares of the company’s stock, valued at $14,088,859.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,975 shares of company stock valued at $6,256,989. Company insiders own 6.60% of the company’s stock.

Several research firms recently issued reports on ACGL. Wells Fargo & Co set a $100.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Sunday, December 10th. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and set a $113.00 price objective on shares of Arch Capital Group in a research report on Friday, October 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $101.00 price objective on shares of Arch Capital Group in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $100.40.

Shares of Arch Capital Group Ltd. (NASDAQ ACGL) opened at $89.92 on Friday. Arch Capital Group Ltd. has a 12-month low of $86.58 and a 12-month high of $102.60. The firm has a market cap of $11,908.22, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. Arch Capital Group’s revenue was up 30.7% on a year-over-year basis. equities research analysts anticipate that Arch Capital Group Ltd. will post 3 EPS for the current year.

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Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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