Proficio Capital Partners LLC Purchases Shares of 91,588 Arch Capital Group Ltd. (NASDAQ:ACGL)

Proficio Capital Partners LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 91,588 shares of the insurance provider’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Arch Capital Group by 4.8% during the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after buying an additional 337,786 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Arch Capital Group by 136.5% during the 3rd quarter. Penserra Capital Management LLC now owns 3,952 shares of the insurance provider’s stock worth $441,000 after acquiring an additional 2,281 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Arch Capital Group in the third quarter valued at about $388,000. The Manufacturers Life Insurance Company raised its position in Arch Capital Group by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 304,883 shares of the insurance provider’s stock worth $34,110,000 after purchasing an additional 3,285 shares in the last quarter. Finally, FMR LLC raised its position in Arch Capital Group by 2.5% in the third quarter. FMR LLC now owns 2,936,940 shares of the insurance provider’s stock worth $328,585,000 after purchasing an additional 70,899 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACGL shares. 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. UBS Group decreased their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods reduced their target price 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, JMP Securities reiterated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $117.19.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on 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 completion of the sale, the insider now directly 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 at this link. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $95.06 on Friday. 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 Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. The firm has a market cap of $35.68 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 2.31 and a beta of 0.62. The stock has a 50-day moving average price of $92.16 and a 200 day moving average price of $98.27.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $2.45 earnings per share. Research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.