Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 466,502 shares of the insurance provider’s stock after buying an additional 116,900 shares during the period. First Trust Advisors LP owned 0.12% of Arch Capital Group worth $15,077,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ACGL. Vanguard Group Inc raised its position in shares of Arch Capital Group by 0.4% in the third quarter. Vanguard Group Inc now owns 33,874,589 shares of the insurance provider’s stock valued at $1,009,802,000 after buying an additional 144,152 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Arch Capital Group by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 10,044 shares of the insurance provider’s stock worth $268,000 after buying an additional 558 shares during the period. Westpac Banking Corp purchased a new position in Arch Capital Group during the fourth quarter worth about $812,000. Prudential Financial Inc. boosted its stake in Arch Capital Group by 8.1% during the fourth quarter. Prudential Financial Inc. now owns 21,280 shares of the insurance provider’s stock worth $569,000 after buying an additional 1,600 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Arch Capital Group by 23.4% during the fourth quarter. Toronto Dominion Bank now owns 54,584 shares of the insurance provider’s stock worth $1,458,000 after buying an additional 10,334 shares during the period. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 460 ($6.01) target price on shares of Sophos Group in a research note on Friday, May 17th. BidaskClub lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 19th. Barclays reissued a “buy” rating and issued a $65.00 price objective on shares of Owens Corning in a research note on Monday, July 1st. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $157.00 price objective on shares of Chubb in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.48.

In related news, Vice Chairman John M. Pasquesi sold 299,741 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $33.99, for a total transaction of $10,188,196.59. Following the completion of the sale, the insider now owns 2,832 shares of the company’s stock, valued at approximately $96,259.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 17,712 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $33.71, for a total transaction of $597,071.52. Following the sale, the chief executive officer now directly owns 330,031 shares of the company’s stock, valued at approximately $11,125,345.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 498,343 shares of company stock valued at $16,927,360. Corporate insiders own 5.20% of the company’s stock.

Shares of Arch Capital Group stock traded up $0.12 on Thursday, hitting $38.24. The company’s stock had a trading volume of 1,393,724 shares, compared to its average volume of 1,174,501. Arch Capital Group Ltd. has a 52-week low of $24.79 and a 52-week high of $38.85. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $36.43. The stock has a market cap of $15.55 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.43 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $1.69 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts expect that Arch Capital Group Ltd. will post 2.7 earnings per share for the current year.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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