Healthcare of Ontario Pension Plan Trust Fund Grows Position in Arch Capital Group Ltd. $ACGL

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2,334.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 358,274 shares of the insurance provider’s stock after buying an additional 343,560 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Arch Capital Group were worth $34,366,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after buying an additional 360,626 shares in the last quarter. Norges Bank purchased a new stake in shares of Arch Capital Group in the fourth quarter worth about $463,208,000. Morgan Stanley lifted its position in shares of Arch Capital Group by 0.8% in the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after buying an additional 33,132 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Arch Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after buying an additional 160,326 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after buying an additional 121,090 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Mizuho decreased their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley set a $105.00 price objective on Arch Capital Group in a research report on Friday, May 1st. Finally, Barclays upped their price objective on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Hold” and an average target price of $106.81.

Arch Capital Group Trading Down 0.2%

ACGL opened at $91.50 on Tuesday. The stock has a market cap of $31.97 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 4.58 and a beta of 0.32. The stock’s 50 day moving average price is $94.35 and its 200-day moving average price is $95.01. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, equities analysts forecast 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.