Stevens Capital Management LP Buys New Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Stevens Capital Management LP purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,300 shares of the insurance provider’s stock, valued at approximately $1,211,000.

Several other institutional investors have also added to or reduced their stakes in the business. Householder Group Estate & Retirement Specialist LLC purchased a new position in Arch Capital Group in the 4th quarter worth $27,000. Larson Financial Group LLC purchased a new stake in Arch Capital Group in the fourth quarter valued at approximately $30,000. Steward Financial Group LLC increased its holdings in Arch Capital Group by 180.7% in the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after buying an additional 338 shares during the period. CVA Family Office LLC purchased a new position in Arch Capital Group during the 4th quarter worth approximately $47,000. Finally, Covestor Ltd increased its stake in shares of Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 696 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. TD Cowen assumed coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price for the company. Evercore ISI lifted their price objective on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.23.

Insider Activity

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the 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 of the company’s stock, valued at $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on 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 owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock valued at $11,872,217 in the last 90 days. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock traded down $2.15 during trading hours on Friday, reaching $90.90. The company had a trading volume of 1,458,046 shares, compared to its average volume of 1,695,613. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $95.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $34.10 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.16 and a beta of 0.57. The stock has a fifty day moving average of $90.24 and a 200-day moving average of $84.34.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm earned $2.14 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

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.