Securian Asset Management Inc. Has $942,000 Stake in Arch Capital Group Ltd. $ACGL

Securian Asset Management Inc. decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 45.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,818 shares of the insurance provider’s stock after selling 8,132 shares during the quarter. Securian Asset Management Inc.’s holdings in Arch Capital Group were worth $942,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC bought a new position in Arch Capital Group during the fourth quarter valued at approximately $207,000. Bryn Mawr Trust Advisors LLC grew its position in Arch Capital Group by 11.3% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 2,799 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 285 shares in the last quarter. Advisor OS LLC increased its stake in shares of Arch Capital Group by 6.6% during the 4th quarter. Advisor OS LLC now owns 2,932 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 182 shares during the last quarter. Oxbow Advisors LLC increased its stake in shares of Arch Capital Group by 83.7% during the 4th quarter. Oxbow Advisors LLC now owns 84,290 shares of the insurance provider’s stock worth $8,085,000 after purchasing an additional 38,402 shares during the last quarter. Finally, NewEdge Wealth LLC raised its holdings in shares of Arch Capital Group by 62.5% during the 4th quarter. NewEdge Wealth LLC now owns 8,575 shares of the insurance provider’s stock valued at $823,000 after purchasing an additional 3,297 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In related news, insider David Gansberg sold 5,907 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the sale, the insider owned 336,559 shares in the company, valued at $32,434,190.83. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 32,837 shares of company stock valued at $2,766,946. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ACGL. Mizuho decreased their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Morgan Stanley set a $105.00 price target on Arch Capital Group in a research report on Friday, May 1st. Citigroup upped their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, UBS Group reissued a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Arch Capital Group currently has an average rating of “Hold” and a consensus target price of $106.32.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $93.32 on Thursday. The firm has a market capitalization of $32.61 billion, a PE ratio of 7.17, a PEG ratio of 5.18 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. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $95.62 and its 200 day simple moving average is $94.56.

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

About Arch Capital Group

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.