Jump Financial LLC Purchases Shares of 128,534 Arch Capital Group Ltd. (NASDAQ:ACGL)

Jump Financial LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 128,534 shares of the insurance provider’s stock, valued at approximately $9,546,000.

Other large investors also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in Arch Capital Group during the fourth quarter worth approximately $30,000. CVA Family Office LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $47,000. Covestor Ltd increased its stake in Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 696 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in Arch Capital Group during the third quarter worth approximately $75,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last three months, insiders sold 145,689 shares of company stock worth $12,838,617. Company insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACGL. Wells Fargo & Company increased their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Citigroup decreased their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Evercore ISI lifted their price target on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Finally, StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.67.

Arch Capital Group Price Performance

ACGL stock traded up $0.42 on Friday, reaching $100.05. 1,420,422 shares of the company’s stock were exchanged, compared to its average volume of 1,603,577. The stock has a fifty day moving average of $92.28 and a 200-day moving average of $85.29. The firm has a market cap of $37.53 billion, a PE ratio of 7.90, a P/E/G ratio of 1.19 and a beta of 0.57. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $69.05 and a twelve month high of $100.86.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly 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. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $1.73 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.43 EPS for the current fiscal year.

About Arch Capital Group

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.