Townsquare Capital LLC Acquires 5,750 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Townsquare Capital LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 72.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,719 shares of the insurance provider’s stock after acquiring an additional 5,750 shares during the period. Townsquare Capital LLC’s holdings in Arch Capital Group were worth $1,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC increased its position in shares of Arch Capital Group by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 21,493 shares of the insurance provider’s stock worth $1,985,000 after purchasing an additional 7,665 shares during the last quarter. Covestor Ltd raised its position in Arch Capital Group by 15.4% during the fourth quarter. Covestor Ltd now owns 1,600 shares of the insurance provider’s stock worth $148,000 after acquiring an additional 214 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Arch Capital Group by 0.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 271,563 shares of the insurance provider’s stock worth $25,079,000 after acquiring an additional 1,472 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Arch Capital Group in the 4th quarter valued at about $41,876,000. Finally, APG Asset Management N.V. grew its position in shares of Arch Capital Group by 136.5% in the 4th quarter. APG Asset Management N.V. now owns 367,000 shares of the insurance provider’s stock valued at $32,731,000 after acquiring an additional 211,800 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Barclays reduced their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.88.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 0.2 %

Shares of NASDAQ ACGL opened at $92.59 on Friday. The stock has a market capitalization of $34.79 billion, a P/E ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.36. The stock’s fifty day moving average is $91.49 and its 200 day moving average is $96.07. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the company posted $2.45 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal 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.