Intech Investment Management LLC Has $29.78 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Intech Investment Management LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 68.1% during the 4th quarter, HoldingsChannel reports. The fund owned 400,939 shares of the insurance provider’s stock after purchasing an additional 162,377 shares during the period. Intech Investment Management LLC’s holdings in Arch Capital Group were worth $29,778,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ACGL. Millington Financial Advisors LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter valued at $1,030,000. Private Advisor Group LLC boosted its holdings in shares of Arch Capital Group by 6.3% during the 3rd quarter. Private Advisor Group LLC now owns 7,700 shares of the insurance provider’s stock valued at $614,000 after acquiring an additional 454 shares in the last quarter. MGO One Seven LLC acquired a new position in Arch Capital Group during the 3rd quarter worth about $264,000. Nomura Asset Management Co. Ltd. lifted its holdings in Arch Capital Group by 4.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,512 shares of the insurance provider’s stock worth $7,932,000 after buying an additional 4,512 shares during the period. Finally, Signaturefd LLC lifted its holdings in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock worth $183,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the sale, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,689 shares of company stock valued at $12,838,617. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 1.4 %

Arch Capital Group stock traded up $1.43 during midday trading on Friday, reaching $103.36. The stock had a trading volume of 1,296,861 shares, compared to its average volume of 1,633,362. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $103.79. The company has a market capitalization of $38.81 billion, a P/E ratio of 8.16, a PEG ratio of 2.39 and a beta of 0.57. The company has a fifty day moving average price of $94.47 and a two-hundred day moving average price of $86.37. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on ACGL shares. Deutsche Bank Aktiengesellschaft lifted their target price on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Friday, February 16th. Finally, Bank of America lifted their price objective on Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.67.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.