Arch Capital Group Ltd. $ACGL Shares Acquired by Gladstone Capital Management LLP

Gladstone Capital Management LLP increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 750,533 shares of the insurance provider’s stock after purchasing an additional 95,554 shares during the quarter. Arch Capital Group makes up 7.5% of Gladstone Capital Management LLP’s holdings, making the stock its 7th largest holding. Gladstone Capital Management LLP’s holdings in Arch Capital Group were worth $71,991,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after purchasing an additional 121,090 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 valued at $743,168,000 after purchasing an additional 360,626 shares in the last quarter. NEOS Investment Management LLC boosted its position in shares of Arch Capital Group by 49.1% during the third quarter. NEOS Investment Management LLC now owns 49,652 shares of the insurance provider’s stock worth $4,505,000 after buying an additional 16,343 shares during the period. National Pension Service grew its holdings in shares of Arch Capital Group by 8.5% during the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock worth $65,539,000 after buying an additional 53,661 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Arch Capital Group by 10.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock worth $18,024,000 after buying an additional 17,923 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $92.58 on Wednesday. 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 moving average price is $94.26 and its two-hundred day moving average price is $95.00. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The firm has a market capitalization of $32.35 billion, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 4.58 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Insider Activity

In related news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This trade represents a 114.84% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Mizuho reduced their price target 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 shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a research report on Friday, May 1st. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Wells Fargo & Company lifted their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.81.

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.