Quadrature Capital Ltd purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,445 shares of the insurance provider’s stock, valued at approximately $948,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Wells Fargo & Company MN raised its stake in shares of Arch Capital Group by 18.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock worth $258,488,000 after purchasing an additional 436,449 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Arch Capital Group by 141.2% during the 4th quarter. Victory Capital Management Inc. now owns 585,047 shares of the insurance provider’s stock worth $53,105,000 after purchasing an additional 342,497 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Arch Capital Group by 257.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 167,893 shares of the insurance provider’s stock worth $15,240,000 after purchasing an additional 120,859 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Arch Capital Group during the 4th quarter worth about $7,877,000. Finally, Janus Henderson Group PLC raised its stake 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. 76.96% of the stock is owned by institutional investors.
Arch Capital Group Ltd. (ACGL) opened at $89.04 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group Ltd. has a one year low of $85.35 and a one year high of $102.60. The firm has a market capitalization of $12,106.01, a P/E ratio of 27.86, a P/E/G ratio of 1.30 and a beta of 0.62.
A number of research analysts recently weighed in on the company. Wells Fargo & Co set a $96.00 price objective on Arch Capital Group and gave the company a “hold” rating in a research note on Monday, February 12th. BidaskClub raised Arch Capital Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $101.00 price objective on shares of Arch Capital Group in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $100.67.
In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total value of $539,225.47. Following the transaction, the insider now directly owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Constantine Iordanou purchased 7,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average cost of $23.80 per share, for a total transaction of $166,600.00. Following the completion of the transaction, the chief executive officer now owns 7,000 shares in the company, valued at $166,600. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by company insiders.
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.
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