Brandes Investment Partners Increases Holdings in Arch Capital Group

Brandes Investment Partners LP has significantly increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 109.7% in the last quarter of the year. This information comes from their latest filing with the Securities and Exchange Commission (SEC). As a result, Brandes now owns approximately 1,083,395 shares of this insurance company's stock after acquiring an additional 566,751 shares.

According to their SEC report, Brandes Investment Partners LP holds about 0.29% of Arch Capital Group, with the total value of their holdings standing at approximately $100,052,000.

Other Institutional Investments

Other large institutional investors have also recently adjusted their holdings of Arch Capital Group. For instance, Quantbot Technologies LP ventured into a new position during the third quarter with an investment of about $25,000. Meanwhile, Cullen Frost Bankers Inc. bought shares worth approximately $37,000 in the fourth quarter. Golden State Wealth Management LLC also acquired new shares worth about $42,000 in the same quarter.

Y.D. More Investments Ltd. enhanced its holdings by 125.6% in the fourth quarter, now owning 467 shares valued at around $43,000. UMB Bank n.a. has increased its position by 97.0%, owning 841 shares worth about $78,000 after acquiring an additional 414 shares last quarter. Currently, institutional investors and hedge funds collectively own 89.07% of the stock.

Insider Trading Activity

In addition to institutional investments, there has been some insider trading activity within Arch Capital Group. For example, insider Louis T. Petrillo sold 11,600 shares of the company on March 5th at an average price of $91.00, totaling $1,055,600. Following this sale, Petrillo possesses 140,023 shares valued at roughly $12,742,093, indicating a 7.65% reduction in their position. This transaction was disclosed in a document filed with the SEC and is accessible to the public. Currently, insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

The stock of Arch Capital Group (NASDAQ:ACGL) opened at $92.57 on Friday. The stock has seen a low of $87.42 and a high of $116.47 over the past 12 months. The company's debt-to-equity ratio stands at 0.15, with a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group's market capitalization is approximately $34.75 billion. It has a price-to-earnings (PE) ratio of 8.27 and a P/E/G ratio of 2.31, along with a beta of 0.62. The company's 50-day simple moving average is $91.83, while the 200-day simple moving average is $99.51.

Recently, Arch Capital Group released its quarterly earnings results on February 10th, reporting earnings per share (EPS) of $2.26 for the quarter. This figure surpassed the consensus estimate of $1.90 by $0.36. The company achieved a net margin of 24.73% and a return on equity of 17.96%. Compared to the same period last year, where the firm earned $2.45 EPS, analysts forecast that Arch Capital Group Ltd. will report an EPS of 8.42 for the current fiscal year.

Analysts' Ratings and Forecasts

Several analysts have recently provided their insights on ACGL shares. Wells Fargo & Company has lowered its price target for Arch Capital Group from $107.00 to $106.00, maintaining an "overweight" rating. Morgan Stanley has similarly reduced its target from $115.00 to $110.00, also classifying it as "overweight." Barclays set an equal weight rating on Arch Capital Group after cutting its price target from $120.00 to $100.00. UBS Group also adjusted its estimate from $131.00 to $127.00, assigning a "buy" rating. Furthermore, Royal Bank of Canada adjusted its target from $125.00 to $110.00 while keeping an "outperform" rating.

Currently, six analysts have rated the stock with a hold rating, while eleven maintain a buy rating. According to MarketBeat, the stock's average rating is a "Moderate Buy," with a consensus target price of $117.19.

About Arch Capital Group

Arch Capital Group Ltd., along with its subsidiaries, offers a variety of insurance, reinsurance, and mortgage insurance products globally. Its insurance segment provides primary and excess casualty coverages, directors' and officers' liability, medical professional and general liability insurance, as well as commercial automobile and maritime products.

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