Headlands Technologies LLC Has $2.77 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Headlands Technologies LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 43.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,943 shares of the insurance provider’s stock after buying an additional 9,137 shares during the quarter. Headlands Technologies LLC’s holdings in Arch Capital Group were worth $2,765,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in Arch Capital Group in the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $42,000. Y.D. More Investments Ltd grew its holdings in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after buying an additional 414 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred 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 owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. UBS Group decreased their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Trading Up 1.2 %

Shares of ACGL stock opened at $96.18 on Tuesday. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. The company has a market cap of $36.14 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $92.17 and its two-hundred day moving average is $98.00.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 period last year, the firm posted $2.45 EPS. Equities analysts predict 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.