Sei Investments Co. Boosts Arch Capital Group Holdings

Sei Investments Co. has significantly increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, as reported in their latest Form 13F filing with the Securities and Exchange Commission. The investment firm raised its ownership by 41.0%, acquiring an additional 415,815 shares, bringing their total to 1,429,505 shares of the insurance company. According to their most recent filing, Sei Investments holds 0.38% of Arch Capital Group, valued at approximately $132,014,000.

A number of other institutional investors have also made adjustments to their positions in Arch Capital Group. Madison Investment Advisors LLC established a new investment in Arch Capital during the fourth quarter, amounting to around $410,010,000. UBS Asset Management Americas LLC notably increased its holdings by 245.1% in the third quarter, acquiring an extra 2,168,897 shares. As a result, they now own 3,053,739 shares valued at $341,652,000. In the fourth quarter, Swedbank AB raised its holdings by 268.8%, purchasing an additional 919,793 shares, and now holds 1,261,957 shares worth $116,542,000. Additionally, Egerton Capital UK LLP boosted its investment by 25.8%, holding 3,987,972 shares with a value of $368,289,000 after buying 816,750 shares during the period. Principal Financial Group Inc. also increased its share count by 10.5% in the same quarter, now owning 8,222,244 shares valued at $759,324,000. In total, institutional investors and hedge funds now maintain ownership of 89.07% of Arch Capital Group's stock.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo recently sold 11,600 shares of Arch Capital Group on March 5th. The average price at which the shares were sold was $91.00, resulting in total proceeds of $1,055,600. Following the transaction, Petrillo holds 140,023 shares in the company, valued at $12,742,093, marking a 7.65% decrease in his overall position. This sale was duly noted in a filing with the Securities and Exchange Commission, where investors can find more detailed disclosures. Currently, company insiders possess 4.20% of Arch Capital Group's total stock.

Research and Analyst Ratings

Several investment firms have recently updated their viewpoints on Arch Capital Group. Morgan Stanley has modified their price target from $115.00 to $110.00 but maintained an "overweight" rating for the stock. Wells Fargo & Company also adjusted their price target down from $107.00 to $106.00, preserving an "overweight" rating. Meanwhile, UBS Group revised its price target from $131.00 to $127.00, rating the stock as a "buy." Royal Bank of Canada similarly lowered its target from $125.00 to $110.00 while keeping an "outperform" rating. Additionally, Barclays set a target range of $120.00 to $100.00 with an "equal weight" classification. Presently, six investment analysts provide a hold recommendation, while eleven analysts suggest buying the stock. As per MarketBeat, Arch Capital Group enjoys a consensus rating of "Moderate Buy" with an average price target of $117.19.

Market Performance of Arch Capital Group

Current Stock Trends

As of Friday, shares of NASDAQ:ACGL opened at $91.98. The company maintains a quick ratio of 0.58, a current ratio of 0.54, and a low debt-to-equity ratio of 0.15. The stock has a fifty-day moving average of $91.99 and a two-hundred day moving average of $98.85. Arch Capital Group has a market capitalization of $34.53 billion, a P/E ratio of 8.21, a PEG ratio of 2.31, and a beta of 0.62. Over the past year, the stock has fluctuated between a low of $87.42 and a high of $116.47.

On February 10th, Arch Capital Group reported its last earnings results, showing earnings per share of $2.26 for the quarter, surpassing analysts' expectations of $1.90 by $0.36. The company recorded a return on equity of 17.96% and a net margin of 24.73%. Compared to the previous year, earnings per share decreased from $2.45. Analysts forecast that Arch Capital Group Ltd. will achieve an EPS of 8.42 for the current year.

About Arch Capital Group

Arch Capital Group Ltd. along with its subsidiaries offers a range of insurance, reinsurance, and mortgage insurance products globally. Its Insurance segment provides coverages that include primary and excess casualty insurance, directors’ and officers' liability, and workers' compensation, among others, catering to various professional and commercial sectors. Arch Capital Group is aligned with risk management, ensuring comprehensive solutions for its clients' diverse needs.

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