HighPoint Advisor Group LLC Invests $182,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

HighPoint Advisor Group LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,457 shares of the insurance provider’s stock, valued at approximately $182,000.

Several other large investors have also bought and sold shares of the company. Capital World Investors boosted its stake in Arch Capital Group by 0.6% during the fourth quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock valued at $788,086,000 after buying an additional 58,862 shares in the last quarter. Davis Asset Management L.P. lifted its holdings in shares of Arch Capital Group by 441.7% during the fourth quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock valued at $482,755,000 after purchasing an additional 5,300,000 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Arch Capital Group by 9.2% during 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. Norges Bank purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $309,496,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Arch Capital Group by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,518,822 shares of the insurance provider’s stock valued at $261,339,000 after purchasing an additional 245,966 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $101.89 on Friday. Arch Capital Group Ltd. has a one year low of $70.53 and a one year high of $103.79. The firm has a market cap of $38.26 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.76 and a beta of 0.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The stock’s 50-day moving average is $98.05 and its 200-day moving average is $88.64.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. Arch Capital Group’s revenue was up 19.3% on a year-over-year basis. Equities analysts predict that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Wells Fargo & Company upped their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Morgan Stanley upped their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. StockNews.com raised Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. Finally, Bank of America increased their price objective on Arch Capital Group from $109.00 to $119.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.33.

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.