Johnson Investment Counsel Inc. Acquires 4,478 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Johnson Investment Counsel Inc. grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 104.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,758 shares of the insurance provider’s stock after purchasing an additional 4,478 shares during the period. Johnson Investment Counsel Inc.’s holdings in Arch Capital Group were worth $809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Oregon Public Employees Retirement Fund grew its stake in Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after buying an additional 110 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after buying an additional 129 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after buying an additional 132 shares during the last quarter. Dynasty Wealth Management LLC grew its stake in Arch Capital Group by 2.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock valued at $656,000 after buying an additional 140 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Arch Capital Group by 14.1% in the 4th quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider’s stock valued at $118,000 after buying an additional 157 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ACGL. Royal Bank of Canada decreased their price target 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. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report 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 on the stock in a research report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Finally, Bank of America decreased their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $89.16 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $33.47 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 2.31 and a beta of 0.62. The firm’s 50 day simple moving average is $91.83 and its 200 day simple moving average is $99.69. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business posted $2.45 earnings per share. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company’s stock, 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 at this link. 4.20% of the stock is owned by insiders.

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.