Sei Investments Co. Grows Position in Arch Capital Group Ltd.

Sei Investments Co. has increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by an impressive 41% during the fourth quarter, as indicated in their recent Form 13F filing with the Securities and Exchange Commission (SEC). Following this expansion, Sei Investments now holds a total of 1,429,505 shares of the insurance provider's stock, having acquired an additional 415,815 shares within the quarter. The value of Sei Investments' holdings in Arch Capital Group is estimated at $132,014,000 based on the latest SEC reports.

A number of other institutional investors and hedge funds have also adjusted their investments in Arch Capital Group. For instance, Madison Investment Advisors LLC has taken a new position in the company valued around $410,010,000 during the fourth quarter. Another major player, UBS Asset Management Americas LLC, increased its holdings by a staggering 245.1% in the third quarter, resulting in ownership of 3,053,739 shares valued at approximately $341,652,000 after an additional purchase of 2,168,897 shares.

Additionally, Swedbank AB boosted its stake by 268.8% during the fourth quarter, bringing its total to 1,261,957 shares valued at $116,542,000 after purchasing 919,793 shares. Egerton Capital UK LLP also increased its position by 25.8%, now owning 3,987,972 shares worth $368,289,000 after acquiring 816,750 shares. Finally, Principal Financial Group Inc. lifted its holdings by 10.5% during the same quarter and now owns 8,222,244 shares valued at $759,324,000. Overall, institutional investors and hedge funds collectively hold 89.07% of Arch Capital Group's stock.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group on March 5th, fetching an average price of $91.00 per share, totaling $1,055,600. After this sale, Petrillo retains 140,023 shares in the company, valued at $12,742,093, reflecting a decrease of 7.65% in their overall position. This transaction has been disclosed through the SEC, where 4.20% of the stock is owned by company insiders.

Analyst Recommendations

Brokerages have recently provided their insights on Arch Capital Group, with Morgan Stanley decreasing their price target from $115.00 to $110.00 while maintaining an "overweight" rating on the stock. Similarly, Wells Fargo reduced their target from $107.00 to $106.00. UBS Group's downgraded target shifted from $131.00 to $127.00, while the Royal Bank of Canada cut theirs from $125.00 to $110.00, indicating an "outperform" rating. Likewise, Barclays lowered their price target from $120.00 to $100.00 and kept an "equal weight" rating. Out of several analysts, six have recommended holding the stock, while eleven have issued a buy rating, leading to a consensus rating of "Moderate Buy" and an average price target of $117.19.

Latest Stock Performance

Stock Price Movement

As of Friday, shares of NASDAQ:ACGL opened at $91.98. The company’s quick ratio stands at 0.58, with a current ratio of 0.54, and a debt-to-equity ratio of 0.15. The fifty-day moving average is $91.99, while the two-hundred-day moving average is $98.85. Arch Capital Group holds a market capitalization of $34.53 billion, with a P/E ratio of 8.21, a PEG ratio of 2.31, and a beta of 0.62. The stock has seen a 52-week low of $87.42 and a high of $116.47.

Arch Capital Group most recently announced its earnings results on February 10th, reporting earnings per share (EPS) of $2.26, surpassing the consensus estimate of $1.90 by $0.36. The company achieved a return on equity of 17.96% and a net margin of 24.73%. For the projected year, research analysts forecast that Arch Capital Group Ltd. will generate an EPS of 8.42.

About Arch Capital Group

Arch Capital Group Ltd., along with its subsidiaries, offers a range of insurance, reinsurance, and mortgage insurance products across the globe. Its Insurance segment provides various coverages including primary and excess casualty, directors' and officers' liability, and workers' compensation, among others.

Investments, Stocks, Insurance