Inceptionr LLC Invests $223,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Inceptionr LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,999 shares of the insurance provider’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at $27,000. Larson Financial Group LLC purchased a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. CVA Family Office LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $47,000. Covestor Ltd raised its holdings in Arch Capital Group by 342.9% during the 3rd quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after buying an additional 696 shares during the period. Finally, Operose Advisors LLC bought a new stake in Arch Capital Group in the third quarter worth $75,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ACGL. StockNews.com upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Evercore ISI increased their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday, April 30th. Finally, Bank of America lifted their price target on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Four equities 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.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Arch Capital Group Trading Up 1.6 %

Shares of ACGL traded up $1.55 during midday trading on Friday, hitting $100.37. 321,975 shares of the stock were exchanged, compared to its average volume of 1,673,009. The stock has a fifty day simple moving average of $93.11 and a 200 day simple moving average of $85.71. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $100.86. The firm has a market cap of $37.69 billion, a P/E ratio of 7.89, a P/E/G ratio of 1.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59.

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, beating analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. Arch Capital Group’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.55 EPS for the current fiscal year.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,689 shares of company stock worth $12,838,617. Corporate insiders own 4.20% of the company’s stock.

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.