Elo Mutual Pension Insurance Co Grows Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Elo Mutual Pension Insurance Co raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,760 shares of the insurance provider’s stock after buying an additional 5,614 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Arch Capital Group were worth $3,579,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ACGL. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group during the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd raised its stake in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Down 1.9 %

Shares of ACGL opened at $95.06 on Friday. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The company has a market capitalization of $35.68 billion, a P/E ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm’s 50 day simple moving average is $92.16 and its 200 day simple moving average is $98.27.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the previous year, the company posted $2.45 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACGL has been the topic of several research reports. UBS Group lowered their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley reduced their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada dropped their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group 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.