Stevens Capital Management LP Purchases New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Stevens Capital Management LP acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,300 shares of the insurance provider’s stock, valued at approximately $1,211,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in Arch Capital Group by 9.2% in the third quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock valued at $370,889,000 after purchasing an additional 390,362 shares during the last quarter. Invesco Ltd. lifted its holdings in Arch Capital Group by 16.3% during the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock worth $269,871,000 after buying an additional 475,464 shares during the last quarter. Royal Bank of Canada grew its position in shares of Arch Capital Group by 3.4% in the 3rd quarter. Royal Bank of Canada now owns 3,151,688 shares of the insurance provider’s stock worth $251,222,000 after acquiring an additional 104,299 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after acquiring an additional 1,387,072 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Arch Capital Group by 18.8% in the third quarter. Barclays PLC now owns 2,240,381 shares of the insurance provider’s stock worth $178,581,000 after purchasing an additional 354,482 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

ACGL stock traded down $2.15 on Friday, reaching $90.90. 1,458,046 shares of the company were exchanged, compared to its average volume of 1,695,613. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01. The stock’s fifty day moving average price is $90.24 and its 200 day moving average price is $84.34. The firm has a market capitalization of $34.10 billion, a PE ratio of 8.01, a PEG ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the firm earned $2.14 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 over the last three months. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. UBS Group lowered their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. TD Cowen initiated coverage on Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Wells Fargo & Company raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup reduced their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $96.23.

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.