Allstate Corp Invests $1.05 Million in Arch Capital Group Ltd. (NASDAQ:ACGL)

Allstate Corp purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,357 shares of the insurance provider’s stock, valued at approximately $1,049,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Arch Capital Group during the third quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $37,000. Golden State Wealth Management LLC purchased a new position in Arch Capital Group in the 4th quarter valued at about $42,000. Y.D. More Investments Ltd boosted its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Arch Capital Group by 97.0% during 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 in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $95.06 on Monday. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The stock’s fifty day moving average is $92.16 and its two-hundred day moving average is $98.09. The company has a market capitalization of $35.72 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 quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) 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 period last year, the company posted $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ACGL. Royal Bank of Canada decreased their target price 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. Barclays decreased their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.