Arch Capital Group Ltd. (NASDAQ:ACGL) Position Boosted by Blueshift Asset Management LLC

Blueshift Asset Management LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 154.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,587 shares of the insurance provider’s stock after buying an additional 4,603 shares during the quarter. Blueshift Asset Management LLC’s holdings in Arch Capital Group were worth $701,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after purchasing an additional 6,663 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after purchasing an additional 5,614 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Arch Capital Group by 10.0% during the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after purchasing an additional 6,521 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Arch Capital Group by 56.6% during the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Northstar Group Inc. lifted its holdings in Arch Capital Group by 5.1% in the fourth quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock worth $11,285,000 after acquiring an additional 5,947 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Barclays cut their target price on shares of 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 cut their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JMP Securities reissued a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, Royal Bank of Canada cut their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $93.19 on Thursday. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. 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 has a market capitalization of $34.98 billion, a PE ratio of 8.32, a P/E/G ratio of 2.31 and a beta of 0.62. The company’s 50 day simple moving average is $91.95 and its 200 day simple moving average is $99.05.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 last year, the firm earned $2.45 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal 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.