Victory Capital Management Inc. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 141.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 585,047 shares of the insurance provider’s stock after acquiring an additional 342,497 shares during the period. Victory Capital Management Inc.’s holdings in Arch Capital Group were worth $53,105,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Arch Capital Group by 7.7% during the 3rd quarter. Wells Fargo & Company MN now owns 2,411,267 shares of the insurance provider’s stock worth $237,510,000 after purchasing an additional 173,359 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Arch Capital Group by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,967,055 shares of the insurance provider’s stock worth $193,755,000 after purchasing an additional 11,802 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Arch Capital Group by 2.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,637,625 shares of the insurance provider’s stock worth $152,774,000 after purchasing an additional 41,789 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Arch Capital Group by 6.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,143,678 shares of the insurance provider’s stock worth $112,652,000 after purchasing an additional 68,746 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Arch Capital Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 848,768 shares of the insurance provider’s stock worth $83,604,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 79.01% of the company’s stock.

ACGL has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “buy” rating and set a $113.00 target price on shares of Arch Capital Group in a research report on Friday, October 27th. Barclays increased their price objective on shares of Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, October 16th. Wells Fargo & Co reissued a “hold” rating and set a $96.00 price objective on shares of Arch Capital Group in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $101.00 price objective on shares of Arch Capital Group in a 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 issued a buy rating to the stock. Arch Capital Group presently has a consensus rating of “Hold” and an average target price of $100.40.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $86.85 on Wednesday. Arch Capital Group Ltd. has a fifty-two week low of $86.06 and a fifty-two week high of $102.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. The company has a market cap of $11,464.56, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62.

In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of the 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 sale, the insider now owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Donald Lyons sold 5,500 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Victory Capital Management Inc. Acquires 342,497 Shares of Arch Capital Group Ltd. (ACGL)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/victory-capital-management-inc-acquires-342497-shares-of-arch-capital-group-ltd-acgl/1850227.html.

Arch Capital Group 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.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL).

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

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.