Mackenzie Financial Corp Acquires 771 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mackenzie Financial Corp lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,898 shares of the insurance provider’s stock after buying an additional 771 shares during the period. Mackenzie Financial Corp’s holdings in Arch Capital Group were worth $3,112,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Arch Capital Group during the 4th quarter valued at $27,000. Steward Financial Group LLC increased its position in Arch Capital Group by 180.7% during the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 338 shares during the last quarter. CVA Family Office LLC bought a new position in Arch Capital Group in the fourth quarter valued at about $47,000. Covestor Ltd boosted its position in Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 696 shares during the last quarter. Finally, Operose Advisors LLC bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $75,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Up 1.0 %

NASDAQ ACGL opened at $93.85 on Tuesday. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The stock has a market cap of $35.21 billion, a PE ratio of 8.08, a P/E/G ratio of 1.16 and a beta of 0.57. The stock’s 50 day moving average is $89.77 and its 200 day moving average is $84.14.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter in the previous year, the firm earned $2.14 earnings per share. Research analysts predict that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ACGL shares. Morgan Stanley increased their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Evercore ISI lifted their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. JMP Securities restated a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a research note on Monday, April 15th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $96.23.

Insider Buying and Selling at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were 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 $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 completion of the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 in the last 90 days. Insiders own 4.20% of the company’s stock.

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.