Oxbow Advisors LLC Buys 38,402 Shares of Arch Capital Group Ltd. $ACGL

Oxbow Advisors LLC increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 83.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 84,290 shares of the insurance provider’s stock after purchasing an additional 38,402 shares during the quarter. Oxbow Advisors LLC’s holdings in Arch Capital Group were worth $8,085,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WealthCollab LLC raised its position in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 3rd quarter worth $28,000. Grove Bank & Trust acquired a new position in Arch Capital Group in the 4th quarter valued at $30,000. Aventura Private Wealth LLC acquired a new position in Arch Capital Group in the 4th quarter valued at $30,000. Finally, TD Waterhouse Canada Inc. raised its holdings in Arch Capital Group by 72.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 136 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $93.80 on Friday. The business’s 50 day moving average is $96.12 and its 200-day moving average is $94.38. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $32.77 billion, a PE ratio of 7.20, a PEG ratio of 5.15 and a beta of 0.35. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. Sell-side analysts predict that Arch Capital Group Ltd. will post 9.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACGL. JPMorgan Chase & Co. decreased their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Mizuho cut their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Citigroup increased their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Barclays lifted their price target on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.32.

Insider Activity at Arch Capital Group

In related news, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the transaction, the insider owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Gansberg sold 5,907 shares of the firm’s 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 transaction, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 78,267 shares of company stock worth $7,291,637 in the last ninety days. Company insiders own 3.30% of the company’s stock.

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.